Meta Platforms may rise to 539.00 - 560.00

Our pivot point is at 441.

Our preference

Short term rebound.

Alternative scenario

Below 441, expect 408 and 389.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (463.2775) but below its 50 day moving average (484.037).

Supports and resistances

579 **

560 *

539 **

520

478.22 (USD-last)

454

441 **

408 *

389 **

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