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.