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The Meta platform shares jumped on Friday in the middle of a wider market set after recorded their biggest one -day fall since July of the previous session.
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Meta is the only member of the magnificent seven mega-KAP technology supply group that has been on a positive territory this year so far.
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Investors should watch the main levels of support on the meta chart of about $ 535 and $ 460, while also overseeing the key resistance levels near $ 635 and $ 740.
Meta platform (Target) The shares jumped on Friday in the midst of a wider market set, after noting their biggest one -day fall since July of the previous session.
Social media gigantic shares have been under pressure in the last month, as the wider market has collapsed, with large technological stocks that have suffered great losses due to concern due to high assessment and growth slowdown. The targets of the shares are reduced by 18% of the record high placed in mid -February.
However, the target is the only member Magnificent seven A group of shares of mega-cap that remains in a positive territory for 2025. Stocks have increased by almost 4% from the beginning of the year, while each of the other shares of Mag 7 has been reduced at least 8%.
Below we break technicians On the meta chart and identify the main levels of prices that are worth watching in the midst of the possibility of further price changes.
Meta stocks staring decisively break Below ascending channel On Monday before the price again tested a lower sample trend on Wednesday in the trading session. The bears used a bounce as an opportunity to accelerate sales yesterday, before today’s recovery.
Meanwhile, Relative power index (RSI) Confirms the weak momentum of prices with reading near its lowest lowest lowest beaten Conditions can trigger short -term recovery recovery sets.
We use Technical analysis find a major Support and resistance levels that investors can control.
The targets of the shares rose 3% on Friday to close at $ 607.60, after almost 5% fell yesterday.
The first directing level for control is $ 635, the area provided by a mouth Resistance from a lower trend of ascending channel sitting along the tops that formed on the ladder in December and January.
Compelling close to this level can be seen bulls Make another run at a level of $ 740, a location on a chart where the target of shares is likely to attract significant attention nearby More and more time (ath).
The first level of support for viewing sits about $ 535. Shares could find an interest in buying in this area near months of trends that connect three prominent peaks on the ladder between April and August last year.
