Today’s instrument is Meta Platforms Inc.‘s stock traded on the NYSE exchange under the ticker FB.
When we look at FB‘s chart, we see the fall into the $208 range on the 22nd of March and the rebound the next day which started its slow climb from the $215 range to $220s, reaching as high as $225 along the way. It was last found trading in the $221 range, having the closest support level at $218 and overhead resistance level at $225.
Today we can expect a move towards and above the $228 level, breaking above the overhead resistance of $225.
If however, it doesn’t manage to hold on to the current level then a move below the $218 support level can be expected.
(Click on image to enlarge)
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