Meta Stock 8.96 % decrease, the lowest level since October – Warning in the NASDAC bear market?
Meta Platforms Inc. (NASDAQ: Meta) is a large fire after it decreased by 9 %, which is a decrease in one day in the months. The stock is trading at $ 531.62, as the stock has penetrated through multiple critical support levels, which raised concerns about the broader bear market for one of the largest technology names.
This dramatic sale comes amid wider pressure on large technology shares, and the latest technical collapse of Meta has caused panic across the institutional circles alike.
Technical analysis: The definition faces a collapse of less than $ 540
Current price: $ 531.62
Resistance levels:
- 550.52 dollars – the rejection point is a breach during the sale
- 603.28 dollars – The previous support turned into resistance
- $ 638.13 – February 2025 top before reflection
- 676.23 dollars – Macro ceiling for the past 6 months
Support areas:
- 508.57 dollars – the immediate demand area for viewing
- 499.69 dollars-psychological circular floor
- 450.81 dollars-the main long-term support from October 2024
What led to the collapse of dead stocks?
One event that did not pay the Meta shares by 8.96 %, but rather a mixture of homosexual forces. Durbing in the widespread technology sector witnessed that investors flee high -growth stocks in favor of defense plays, amid uncertainty in interest rates.
Meanwhile, concerns about slowing advertising revenues in the first quarter and slowing down the noise associated with questions about questions about dead growth in the short term. The break below the key support level of $ 550 is technically thick.
A future look at stocks
The severe Meta decrease by 8.96 % is a critical moment for both stocks and the broader technological sector. Whether this recession extends to the full bear stage depends on how stocks behave around the level of $ 500 in the next sessions.
