Meta Platforms may rise to 602.00 - 626.00

Our pivot point stands at 488.

Our preference

The upside prevails as long as 488 is support.

Alternative scenario

Below 488, expect 449 and 426.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 484.5671 and 497.1873). Finally, Meta Platforms has crossed above its upper daily Bollinger band (526.8).

Supports and resistances

649 **

626 *

602 **

579

528.54 (USD-last)

503

488 **

449 *

426 **

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