Rotuma

FB FACEBOOK - Short to medium term price forecast

NASDAQ:META   Meta Platforms
Share prices seem to have started consolidating at the beginning of last week with low volume and fewer activities. The first quarter earnings are scheduled for 24th of this month and this might bring some action to the share prices. There are four critical price points that I would like to point out for future references.
1. 165.42 - Share prices just managed to close the last session above this point and it needs to continue to hold before we could see further moves to the upside
2. 162.39 This is the next support level if prices fail at 165.42
3. 158.83 support level after 162.39
4. 171.53 A break above this price point could see price head up towards 181.36

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