SOLIDECN
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Stocks of Meta Platforms, which owns Facebook, the world's largest social network, continue to trade in a corrective trend and are around the 160 mark. At the end of last week, the results of almost a decade of the company's activity were finally summed up. The last thing that connected Meta Platforms Inc. with the previous name was its stock ticker FB, which has now also changed to META and is already used in trading on the Nasdaq exchange. It should be noted that the rebranding did not contribute to improving the financial situation of the company. Since the beginning of 2022, the shares have fallen by 51.4%, and there are no prerequisites for a trend change yet. Previously, the Ministry of Digital Information of the Russian Federation published statistics according to which Meta Platforms Inc. lost about 80% of its traffic on social networks Facebook and Instagram due to blocking in the country. Through dedicated VPN channels, services are now visited by only 10%-12% of the volume recorded before blocking.
As for the global state, the financial report for Q2 will be published in July, which may reflect revenue of 29.29B dollars and earnings per share of 2.63 dollars, which is even inferior to the 2.72 dollars shown in Q1.

The price is trading in a global downtrend and on the eve set a new low of the year at around 160. Technical indicators continue to hold a stable sell signal: the fast EMAs of the alligator indicator are below the signal line, and the histogram of the AO oscillator, being in the sales zone, forms descending bars.
Support levels: 155, 130 | Resistance levels: 175, 211
Support levels: 155, 130 | Resistance levels: 175, 211