Meta Platforms may rise to 623.00 - 636.00

559 is our pivot point.

Our preference

As long as 559 is support look for 623.

Alternative scenario

The downside breakout of 559 would call for 538 and 525.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (578.27) but above its 50 day moving average (545.1267).

Supports and resistances

649 **

636 *

623 **

610

576.93 (USD-last)

567

559 **

538 *

525 **

Number of asterisks represents the strength of support and resistance levels.