Meta Platforms may fall to 412.00 - 428.00

Our pivot point is at 508.

Our preference

The downside prevails as long as 508 is resistance.

Alternative scenario

The upside breakout of 508 would call for 536 and 552.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 505.5701 and 492.1365).

Supports and resistances

552 **

536 *

508 **

497

476.79 (USD-last)

444

428 **

412 *

396 **

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