Meta Platforms may rise to 530.00 - 550.00

Our pivot point is at 440.

Our preference

Short term rebound towards 530.

Alternative scenario

Below 440, expect 407 and 388.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 469.245 and 482.9172).

Supports and resistances

569 **

550 *

530 **

510

467.05 (USD-last)

452

440 **

407 *

388 **

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