CRITICAL SUPPORT LEVEL

The $223 support is a very critical support level for Meta Platforms (FB) and any bargain hunters looking to long. This because the level well supported prices during May-June 2020. A break below this level may trigger a sell off towards the $200 support level or even lower. Meta Platform’s RSI currently giving a reading of 24.64, further highlighting prices were oversold. First upside resistance is $248, which was Thursday’s highest. Second resistance is around $320-$328, the previous day’s price action before the 25% plus sell off.