Meta stock destined for $1,000, but here’s what must happen first

Meta Platforms (NASDAQ: META ) could rally to $1,000 after completing a potential correction, according to a long-term technical analysis of its rising price channel. The analysis, shared by TradingShot in a TradingView post on October 23, projects a rebound toward the 1.618 Fibonacci extension at $1,000, provided META maintains its long-term uptrend. TradingShot noted that Meta stock has traded within a long-term ascending channel since its 2012 initial public offering (IPO), with much of its price action remaining between the 0.5 and 1 Fibonacci levels. META stock’s potential correction The latest pullback follows a double-top rejection after September’s high, with the stock already testing its weekly 100-period moving average, shown by the green trend line.

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