From a technical aspect, Meta looks like it has support. The stock bounced from trendline support dating back to 2019. This current level at $166 is now the major low support for Meta. A breakdown below here would be bad for the stock as the next level would be $144. Towards the upside, the $200 level is now the main point of control and a sustained move and close above this on the weekly timeframe could push buyers back up towards the cluster high of $239. A break above here could take the stock towards $300, however, it would be quite a grind higher so it probably will not happen any time soon. Investors will need to see back-to-back growth in Meta platforms and tie this in with current inflationary and geopolitical issues it’s going to be difficult.