Today’s instrument is Meta Platforms Inc. traded in the Nasdaq exchange under the ticker META.
Looking at the META‘s chart, we can see that it was lastly traded at around $207.55. Today it is announcing its quarterly earnings and the market is anticipating a positive announcement on the results due to the already announced results of Microsoft and Alphabet, and for that reason, META’s price is up in the pre-market session.
Today, we could expect it to test its resistance level at around $215 and if it is able to pass it, then it should approach the next one at around $220.
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