Meta Platforms, Inc. (NASDAQ:META) shares traded lower on Monday; they are overbought and are near a resistance level.
These can be bearish dynamics, which is why Meta is the Stock of the Day,
Markets are driven by supply and demand. If there is more demand than supply, meaning there are more shares to be bought than there are for sale, buyers will be forced to outbid each other to draw sellers into the market.
This will put the shares into an uptrend.
At resistance levels, there is enough supply to fill all of the demand. Buyers can stop outbidding each other, and the rally ends.
