Stock Markets Analysis & Opinion

Meta Platforms Stock Could Climb Above $188

When we look at the Meta Platforms (NASDAQ:FB) chart, we can see its downward trend extend this week. The stock fell from $203 to $185 and attempted to consolidate but failed.

Which led to the fall into the $170 range where it attempted to form support. It is currently trading at the $175.17 range above the $170 temporary support and closest overhead resistance at the $188 range.

Meta Platforms scheduled a quarterly earnings announcement yesterday in an after-hours session. Earnings expectations were surpassed, so we could expect the price to move upwards eventually, towards the $205 level.

Today we can expect a move above the $188 closest resistance level, possibly in the $200 range. If, however, it doesn’t manage to hold on to the current level, then a move towards and below the $170 closest temporary support level can be expected.

Meta Platforms stock price chart.


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