Meta Platforms Inc. (META) has experienced a notable decline over the past two months, with its stock price falling approximately 35%, reaching the bottom of its two-year upward trading channel. The stock has dropped nearly 28% since a recent reference point and is currently trading near $500, a key technical level. This decline includes six consecutive days of losses, erasing gains from a historic 13% one-day bounce in the QQQ index last week. Analysts have observed relative weakness in META compared to other major technology stocks, with the stock approaching lows last seen on April 7. While there was an initial rebound, the stock faced rejection at its 200-day moving average, raising concerns about its near-term momentum. Market watchers are monitoring META closely for a potential buy signal, which would be confirmed if the stock breaks above the 200-day moving average.