The FANG Call Could Jump 100%
As the market has sold off in May, the FANG stocks (FB, AAPL, NFLX, GOOGL) have been hit hard.
However, there is one that looks ready to rally as soon as the market turns up.
Click here to be ready for this move
If you look at the Facebook (FB) chart below, you’ll see three important clues that it is likely to rally if the market turns up.
1. It’s holding steady on its 50-day average will the market is much lower.
2. The last two days it has consolidated as the market has moved lower
3. It’s consolidated for the last 5-days
Add this all up and it’s a great breakout swing trade setup.
The buy point is a trade over $185, and the stop is under $179.50.
If the market bounces, I would not be surprised to see FB rally to $195.
That $10 move would most likely cause the Aug. 205 calls to double.
Be patient and be prepared.
Rick Nartarian, Chief Investment Officer
The American Investor Daily