Meta Platforms may fall to 497.00 - 505.00

Pivot

521.00

Our preference

Short positions below 521.00 with targets at 505.00 & 497.00 in extension.

Alternative scenario

Above 521.00 look for further upside with 530.00 & 538.80 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

538.80

530.00

521.00

512.67 Last

505.00

497.00

470.00

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