Meta Platforms may rise to 534.00 - 546.00

Our pivot point stands at 475.

Our preference

The upside prevails as long as 475 is support.

Alternative scenario

The downside breakout of 475 would call for 456 and 444.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 475.6205 and 480.6664).

Supports and resistances

557 **

546 *

534 **

522

492.96 (USD-last)

483

475 **

456 *

444 **

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