Time to Get Long Facebook Stock (FB)

In this video I go over why I think Facebook stock is a long term buy and possibly a buy for a breakout in the near term.  Facebook has been going no where as a stock for the last 2 years.  If you have bought the stock within the last 2 years you have made no money.  It’s basically a up and down battle of the bulls and the bears.

Facebook has had plenty of volatility over the last 2 years.  It was once a trending stock that all it knew to do was to go up.  The volatility started when Washington started looking at Facebook for anti trust issues.  The stock was sitting at it highs around $220 and plummeted all the way down to $125 a share.  Now if you bought it then, you are sitting pretty on some nice gains.  The stock made a play towards it all time high of $220 then Covid-19 hit, so down it goes again.  We dropped hard but did not breach the low of the anti trust issues.

Now once again we are sitting close to the all time highs and this time I think we break it.  If you look at the stock chart, it has the same look as Netflix (NFLX) on the monthly charts.  Netflix recently broke out to all time highs and I feel Facebook stock will do the same.

I show you exactly what I think will happen in today’s video, so please give it a watch. I also show you all of the trades that I am in.  Those trades consist of the SPX, Beyond Meat (BYND), Amazon (AMZN) and of course Facebook (FB).

Most of my trades are put spreads, to where I sell them to collect a credit.  My current trades consist of put spreads, Iron Condors, and Diagonals, so I basically have a little bit of everything on.

Enjoy the video and wish me luck.  My videos are always LIVE so subscribe to the channel and hit the bell so we can chat live over Youtube talking about your stock.