Meta Platforms may rise to 557.00 - 569.00

Our pivot point is at 489.

Our preference

The upside prevails as long as 489 is support.

Alternative scenario

Below 489, expect 470 and 458.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 498.9635 and 480.1).

Supports and resistances

581 **

569 *

557 **

545

504.22 (USD-last)

496

489 **

470 *

458 **

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