Facebook, Inc. ( $FB ) is one of the best stock to buy and offering possible buying price between $186.84 – $196.18, as of June 20th , 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout from a long and deep slide early this year.
3.Then it consolidated for couple of months and found support at the key 50 day moving average line, as well.
4. Then the stock had quick, but a nice run.
5. The stock then started to slide back and even lost the 50 DMA support.
6. The stock finally bottomed out with a washout week.
7. The stock had solid bounce and retook the 50 DMA support.
8. The potential buy point would be between $186.84 an $196.18 with a stop loss at $171.89.
