Peter Smith
Meta Platforms (NASDAQ: META) has bounced back strongly after testing a crucial support zone. Following weeks of downward pressure, the stock found solid footing in what Elliott Wave analysts call the "Blue Box" region.
Technical Picture: Respecting the Blue Box
According to recent technical analysis from Elliottwave Forecast, traders who bought near support are now sitting comfortably, and the stock appears ready to push higher.
The Elliott Wave chart shows META reversing right where it should have—between $467 and $428, an area known for producing reliable bounces. The corrective pattern that's been weighing on the stock since its highs looks complete. After bottoming out, META has already rallied back above $700 and is now eyeing a return to $828, its recent peak. For anyone who bought in the support zone, the trade has already worked out—the bullish setup is confirmed, and risk is off the table.
What's Driving the Turnaround
Three factors are supporting META's recovery: the company's aggressive push into AI infrastructure and applications continues to excite investors about long-term growth, advertising revenue is bouncing back thanks to strong performance from Instagram and Reels, and overall market sentiment favors Meta as a top tech player positioned to capitalize on the AI revolution.
The immediate challenge sits at $828—break through that, and the path opens up for new highs heading into 2026. On the downside, the $467–$428 zone remains the line in the sand. As long as META stays above that support area, the bullish case stays intact.
META's bounce from technical support suggests the bulls are back in charge. The stock respected a high-probability reversal zone and is now pushing higher with momentum. For investors, the takeaway is straightforward: while META holds above its key support, the odds favor continued strength.
Peter Smith
