Peter Smith
⬤ Meta Platforms (META) is looking solid after bouncing off the $580 level earlier this month. The stock's been gaining ground since hitting those lows, and there's room for it to push toward $700 before anyone starts rethinking the trend. META closed around $667.55 on December 24, still sitting comfortably inside the rising channel that's been guiding it higher since 2023.
⬤ The daily chart shows META testing the lower edge of that channel and holding firm. There's a trendline marking the base, and as long as that support doesn't break, the upside remains in play. The bounce from $580 lines up with momentum indicators settling down—the RSI is hovering in the mid-50s, showing steady but neutral conditions after the sharp drop earlier in the quarter.
⬤ Don't expect META to rocket straight back to all-time highs just yet. The more realistic take is that it'll grind its way toward $700 first, which stands out as a near-term checkpoint on the chart. Once it gets there, traders will reassess based on how the stock handles that zone. It's a measured recovery, not a moonshot—especially after META's massive rally since early 2023 and the wild swings we saw in late 2025.
⬤ This matters because Meta is one of the biggest tech names in the U.S. market, and how it moves often signals what's happening with growth stocks overall. The rising channel support is the key line to watch—it's what's keeping the bullish bias alive. Whether META can hold momentum toward $700 or breaks below that trendline could set the tone for megacap tech as we head into the new year.
Peter Smith
