Facebook (FB), a stock that, back in 2012, was trading in the teens, now the FB stock is trading at $140+ per share. 

That is a massive run that it has experienced and made many people wealthy along the way. 

Now it is settling in and becoming more of a value play. Kind of like what we have seen out of Apple (AAPL) over the last couple of years. 

My purpose with this post, though, isn’t to talk about Facebook as a value play vs. growth play or how it compares to Apple, but to show you how consistent and solid its current trend line going back to January of this year is. 

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Over the years, FB stock has been one that I have done very well with and have managed to consistently profit from. Right now it is trading in a channel that is nearly perfect in definition and continues to have a rising support level that can be counted on for buyer support. Things definitely got shaky back on Tuesday, but as you can see it has managed to quickly recover and trade back near its all-time highs. 

If the market closes below the rising trend-line look for the stock to show further problems to the downside, but as long as price action closes on or above the rising trend-line the stock should remain solid. 

Here’s the FB Stock Chart

fb stock

 

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