Meta Platforms may rise to 585.00 - 606.00

Our pivot point stands at 489.

Our preference

The upside prevails as long as 489 is support.

Alternative scenario

Below 489, expect 455 and 434.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 513.7085 and 503.5753).

Supports and resistances

627 **

606 *

585 **

565

519.1 (USD-last)

502

489 **

455 *

434 **

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