META climbs cautiously - Analysis - 20-11-2023

META Platforms' stock (META) rose in the intraday levels, confirming the breach of the pivotal resistance of 326.20, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the first resistance at 358.45, provided it settles above 326.20

Expected trend for today: Bullish