Meta Platforms (META) Stock Deep Dive: Facebook parent price target at $200 despite macro headwinds

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Meta Platforms (META) Stock Deep Dive: Facebook parent price target at $200 despite macro headwinds
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MetaPlatforms $META Stock Deep Dive: Facebook parent price target at $200 despite macro headwinds

Meta Platforms stocksince earnings back in February. The next quarter's earnings are not until July, and it is unlikely that the stock will get many catalysts until then.

However, there are a few interesting points of note. We have a divergence from both the Relative Strength Index and the Money Flow Index . Both are trending higher, while the stock price is not. Divergences are a classic countertrend indicator, so. At current levels, there is not much distance to the pandemic low of $137.10, which represents strong support.

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