Meta Platforms may fall to 394.00 - 412.00

Our pivot point is at 501.

Our preference

The downside prevails as long as 501 is resistance.

Alternative scenario

Above 501, look for 532 and 551.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 490.7881 and 491.5159).

Supports and resistances

551 **

532 *

501 **

489

474.36 (USD-last)

430

412 **

394 *

376 **

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