Meta Platforms, Inc. (META) surged higher in recent intraday trading, supported by positive signals from momentum indicators. The latest rally enabled the stock to break above its 50-day Simple Moving Average (SMA), strengthening the prospects for an extension of the current advance in the near term. This bullish outlook is further reinforced by the dominance of a strong short-term bullish wave, which continues to support upward price action.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, provided support at $580.40 holds firm. Under this scenario, the stock is expected to target the $663.80 resistance level.

Today's price forecast: Bullish.