The weekly chart for $Meta Pla

The weekly chart for $Meta Platforms, Inc.(META)$ is looking pretty clean. I had called the top at $800 back in October and the subsequent drop into the low $500s. Initially, I thought there might be one more low, but this week's breakout has changed the technical picture.

That breakout has shifted my focus to the 200 DMA. If that level holds, I think reaching $1,500+ by Q1 2027 is a possibility. The technical structure has improved quite a bit. The company continues to benefit from long-term trends in AI, advertising, and platform growth.

The key thing to watch now is whether the stock can maintain its momentum and hold this breakout structure. It's one I'm keeping a close eye on.

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