Meta Platforms ( META) was trading lower Tuesday and is just a few dollars away from making a new 52-week low. Let's check out the charts and indicators to weigh the risks and determine what might be the new price targets. 
In this daily bar chart of META, below, we can see that prices have found some buying interest (support) in the $165-$150 area since June but now prices are close to a new low and the broad market averages are weak. This is not a good combination. META is trading below the declining 50-day moving average line and below the declining 200-day line.
The On-Balance-Volume (OBV) line has only moved sideways since early March and that is not a big vote of confidence. A declining OBV line would be worse. The Moving Average Convergence Divergence (MACD) oscillator has spent much of the past 12 months below the zero line.
In this weekly Japanese candlestick chart of META, below, we see a weak picture. Prices trade well below the declining 40-week moving average line. The weekly OBV line is flirting with new lows. The weekly MACD oscillator is below the zero line. The latest candle is not plotted but it is likely to be a red (bearish) candle pattern.
In this daily Point and Figure chart of META, below, we can see a downside price target in the $141 area.
In this weekly Point and Figure chart of META, below, we see a $129 downside price target.
Bottom line strategy: Thiss is not a positive environment for META - rising interest rates, a softening economy, and broad market weakness, so traders should avoid the long side of META for now.
