meta platforms inc meta was on the decline on friday falling almost 6 lower in sympathy with snap inc snap which printed worsethanexpected secondquarter earnings on thursday after the market close meta is expected to print its secondquarter financial results on july 27 and traders and investors have become spooked the social media giant will also report a miss snap was so heavily beaten down prior to printing its earnings that many thought it couldn’t fall much lower snapchat’s parent company proved those traders wrong however because snap opened friday’s session down about 32 meta has also been on a steep decline since the thirdquarter 2021 plunging about 55 since reaching a sept 1 alltime high of 38433 although more recently the stock looked to be reversing course traders and investors will be watching closely to see how meta fared during the second quarter amid soaring inflation and interest rate hikes which have caused social media users to reduce spending want direct analysis find me in the bz pro lounge click here for a free trial the meta chart meta reversed into an uptrend on july 1 and has since made a consistent series of higher highs and higher lows the stock’s most recent higher high was printed on thursday at 18385 and the most recent confirmed higher low was formed at the 15728 mark on july 14   when meta pulled back on friday the uptrend remained intact in fact meta can plunge an additional 8 lower before negating the uptrend although bullish traders would prefer meta closes the trading day above the eightday and 21day exponential moving averages   if meta closes the trading day flat or near the highofday the stock will print a doji or shooting star candlestick respectively which could indicate the next lower high is printed and meta will trade higher on monday if the stock closes the trading day near its low of day price meta will print a bearish kicker candlestick which could indicate lower prices are on the horizon   meta is trading closely to a support and resistance level at 17309 the stock also has resistance above at 18150 and 19014 and support below at 16420 and 15425 see also snaps ugly results a forewarning for meta investors munster throws light on q2 results