Could Meta Platforms (META Stock) price rise towards the $167 level?

AAATrade Team AAATrade

Today’s instrument is Meta Platforms Inc.‘s stock traded on the Nasdaq exchange under the ticker META.

When we look at the META‘s chart, we can see that it is traded close to its lowest level at around $159.20. Today we could expect it to stay above its support level which is located at around $154.30 and as it is announcing tonight the quarterly earnings, if the market’s expectation is positive, then we should see its price rising towards its resistance level at around $167.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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