We forecasted $600 price target and it did hit it before the earning. The earning was great but the guidance is a bit conservative. So, if you remove all other factors such as president election and anti-trust. fundamentally, there is just not enough momentum to support stock going much higher above $600.
MM will use this opportunity to gather positions for big institutions. As long as as META continues to meet their finanical target, it is just matter of time for it to go to $650 or above. This is exatcly what happens to NVDA now as well, big guys want to collect shares around 130 instead of 150.
I will say this again, it is very important to undertsand how to study stock's trend structure, so you can tell if stock is still in uptrend or not, and not be shaken by the day to day fluctuation
