Meta Platforms (NASDAQ: META) is in the spotlight today as the stock successfully defended a critical horizontal support zone around $640 during the final week of February. This level, marked by the orange area, was tested twice, and each time resulted in a solid bounce—reinforcing its importance as a key technical floor.
Adding to the bullish outlook, the stock also held above its black uptrend line, signaling that buyers are still in control. With a strong finish to February and an upbeat start to March, the momentum suggests further upside potential. As long as Meta remains above the $640 support, the bullish sentiment stays intact, making this an attractive long opportunity.
Of course, any break below this key level would shift the outlook, triggering a potential sell signal. However, at the moment, the chances of that happening seem low, given the current market strength. For now, Meta appears to be gearing up for another leg higher—one to watch closely in the coming sessions.