NASDAQ: META – Sharp Correction Finds Support Near $620Meta Platforms Inc Class ABATS:METADEXWireNewsMETA trades at ~$624.06 (down -0.22% intraday on 1H chart), consolidating after a steep pullback from its late-2025 high near $796.25. The stock had a strong run-up through 2025 on AI ad momentum and efficiency gains, before correcting sharply into early 2026 and testing lows around $581.25. Key observations: - Downtrend from Nov 2025–Feb 2026 formed lower highs, but price has stabilized above $600–$620 support zone. - Recent action shows tentative higher lows forming with moderate volume on bounces. - Momentum neutral; holding just above the 50-period MA. Analytical buyer outlook: - Upside trigger: Break $640–$650 on volume — targets $680–$700 retest. - Support to defend: $610–$620 zone; break risks retest of $580–$590. - AI ad efficiency and cost discipline remain key tailwinds. Verdict: Correction looks healthy after strong run. Buyers defending $620 zone — constructive setup if $640 clears. Bias turning neutral-positive. Sentiment: Market sentiment around META is mixed but leaning cautious. Investors are watching AI monetization progress and margin trends closely, viewing the current dip as a potential buying opportunity rather than a breakdown.