Stock of the day: Meta Platforms

Meta Platforms finds itself at a critical juncture on the chart. The stock is currently resting on two major supports that could define its mid-term outlook. The first is the green horizontal line — a level that served as resistance in both mid-February 2025 and late June 2025. After the breakout to the upside, this former resistance is now being tested as support, and so far, it is holding. The price has already bounced off this area, a positive sign for buyers.

In addition, Meta is also testing its black dynamic uptrend line, which continues to provide underlying support for the stock. The bounce from both of these levels suggests that sentiment remains positive and that buyers are still in control for now. As long as Meta remains above these two supports, the outlook stays bullish and the probability of a further upswing is quite high.

However, traders should remain alert. A daily close below these two supports would flip the picture and provide a proper signal to sell, indicating that sellers are regaining control. For now though, the setup favors the bulls, with the supports holding firm.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-meta-platforms-4