NEW YORK (Real Money) -- Facebook (FB) - Get Report is one of those companies that's not likely to take much of a hit from the  situation in Greece, or even the market correction in China. Sure, a big market selloff will take Facebook down with it, but it would only amount to a buying opportunity. Personally, I don't have much of a Facebook presence. But I also don't buy my beauty products at Ulta Salon, Cosmetics and Fragrance (ULTA) - Get Report, yet that stock is at new highs and looks like it's going higher.

But then, this isn't about me, is it?

Facebook is the No. 1 social media stock, and it continues to find ways to make money. Its "News Feed" is continually being changed and updated (in a bit of a scary way, if you ask me, but nobody's asking). So I view Facebook as an ongoing growth story.

According to research platform Marketsmith, the company's growth rate is 59%, which is pretty solid. I think FB goes much higher, and I'm going to show you why.

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First, this daily chart shows FB coming out of a volatility squeeze on high volume. The stock pulled back last week with the rest of the market, but found support right about where the stock peaked in March -- prior resistance, once broken, can act as support on any subsequent pullback. That's what's happening now.

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This weekly chart shows a long-term picture, with FB breaking above the upper Bollinger band on good volume, and remaining there for the past couple of weeks. I like this stock on any kind of pullback to the low-$80s.

I'm already long, but would like to add to my position on any weakness.

This article was originally published at 2:31 p.m., July 6, 2015 on Real Money.

At the time of publication, Fitzpatrick was long FB, though positions may change at any time.

Dan Fitzpatrick is the publisher of

StockMarketMentor.com

, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and now trades from his home in Orange County, Calif. While Fitzpatrick currently holds no securities licenses and does not give recommendations to buy or sell stocks. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. He appreciates your feedback;

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