Facebook (FB) is one of the rock solid growth stock. The stock is having an incredible run ever since it came out the IPO base. It dipped below the 50 day moving average (DMA) many times, but only to bounce back and continue the upward move.
Here is a quick look at this stock’s recent buy point though it’s weekly chart.
#2 Though the volume was low, the stock had more accumulation weeks than distribution.
#3 Found support at the 50 day moving average line. It’s become support line.
#4 The buy point is around 132.08.
#5 Clear the buy point on lower volume.
The ideal buy point would be $132.08 to $140.