META Stock Signals Momentum After Pullback, Target Near $700

• META stock experienced a short-term pullback over the past few sessions but finished the latest trading day with a strong close. The chart shows price stabilizing above key support levels, suggesting that selling pressure has eased and that the stock may be entering a consolidation phase rather than a deeper correction.

• Technically, the price action appears consistent with a flag-like structure, where META stock trades sideways after a prior advance. This pattern often reflects a pause in momentum as buyers and sellers rebalance positions. On the chart, Meta Platforms shares are holding above the $660 area, while resistance is visible closer to the upper zone around $690–$700. This range aligns with the stated near-term target of $700.

META stock experienced a short-term pullback over the past few sessions but finished the latest trading day with a strong close, suggesting that selling pressure has eased and the stock may be entering a consolidation phase.

• From a broader perspective, Meta Platforms continues to benefit from strong underlying business performance. Q3 revenues reached all-time highs and are still growing quarter over quarter. This fundamental backdrop supports the view that the recent pullback may be corrective rather than trend-changing, helping explain why buying interest has re-emerged at higher support levels.

• Looking further ahead, an existing price gap above current levels is expected to fill over time. Based on this view, META stock could see significantly higher prices over a one- to two-year horizon if current growth trends persist. While longer-term projections depend on market conditions and execution, the combination of technical consolidation, strong recent closes, and continued revenue growth explains why Meta Platforms remains in focus as momentum rebuilds.

My Take: Meta’s ability to hold the $660 support after a pullback, combined with record Q3 revenues, suggests underlying strength. The technical setup looks promising for a move toward $700, though traders should watch for confirmation above $690 resistance before committing to upside targets.

Source: ThomasJames Investing