Meta Platforms may rise to 541.00 - 552.00

Our pivot point stands at 486.

Our preference

The upside prevails as long as 486 is support.

Alternative scenario

Below 486, expect 468 and 457.

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 483.4375 and 481.3706).

Supports and resistances

563 **

552 *

541 **

529

504.16 (USD-last)

493

486 **

468 *

457 **

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