Facebook, Inc. ( $FB ) is one of the super and best stock to buy as of April 24, 2019. It’s a growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a side way move, but posted decent gains back in late 2017.
3. The stock witnessed a wild consolidation in early 2018.
4. The stock bounced back and had a solid run until August 2018.
5. Then the stock broke down badly.
6. The volume also ran record highs.
7. The slide continued and the 50 day moving average line started to serve as resistance.
8. The stock finally bounced back and held the gains with nice consolidations.
9. The stock retook the 50 DMA which serves as a support line at this time.
10. The volume runs pretty low though.
11. The buying price would be $179.73 – $188.72.
