META PLATFORMS

Meta Platforms (FB) triggered 7 February 2022 commentary’s bearish scenario and reached the $200 downside support on Thursday. Prices then staged a rebound and settled at $210.48. Going forward, a short selling opportunity may occur upon a daily close below the $200 level. This could possibly extend the downside towards the $184 support, a level last traded Mid-March 2020. On the other hand, Meta may have further rally if prices break above the $223 resistance. Next upside resistance seen at $248.