Meta Platforms may rise to 607.00 - 629.00

498 is our pivot point.

Our preference

The upside prevails as long as 498 is support.

Alternative scenario

Below 498, expect 461 and 439.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 501.1015 and 502.0637).

Supports and resistances

652 **

629 *

607 **

585

535.16 (USD-last)

512

498 **

461 *

439 **

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