Meta Platforms may fall to 500.00 - 510.00

Pivot

530.00

Our preference

Short positions below 530.00 with targets at 510.00 & 500.00 in extension.

Alternative scenario

Above 530.00 look for further upside with 544.00 & 560.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

560.00

544.00

530.00

518.90 Last

510.00

500.00

487.00

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