Why $META stock is looking bullish and targeting $700

Ives Robbins
01-13

$Meta Platforms, Inc.(META)$

Why $Meta Platforms, Inc.(META)$ stock is looking bullish and targeting $700

1) Horizontal Resistance Flips to Support

META has been testing a key resistance level around $600-$615 for months, as shown in the chart. After multiple failed attempts, it finally broke out and is now retesting this zone as new support. Classic support-resistance flip!

2) Bullish Breakout Confirmed

The recent price action confirms that buyers have taken control. This breakout is a strong bullish signal, especially since the stock is holding above the $600-$615 level. Retests like this often precede strong moves upward.

3) TikTok Ban as a Catalyst

With TikTok facing potential bans due to regulatory scrutiny, Meta is positioned to benefit BIG. Advertisers may shift their budgets to platforms like Instagram & Facebook, boosting Meta's ad revenue and long-term growth.

4) Targeting $700

The breakout above $615 opens the door for the next major level: $700. This is both a psychological and technical target for the stock. If momentum and external catalysts like the TikTok ban align, $META could easily reach this level soon.

5) Conclusion

META is showing strength both technically and fundamentally. A key support-resistance flip + strong external growth catalysts = bullish outlook. Watch for $600-$615 to hold as support and $700 as the next target!

What’s your take? Are you bullish on META?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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