Meta Platforms may rise to 568.00 - 590.00

Our pivot point is at 451.

Our preference

Our next up target stands at 568.

Alternative scenario

Below 451, expect 416 and 395.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 483.1371 and 493.2987).

Supports and resistances

612 **

590 *

568 **

546

494.09 (USD-last)

465

451 **

416 *

395 **

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