Google(GOOG) Potential long for traders and investor
Entry: 1031.8
SL: 1009
TP1:1077.4
TP2:1099.8
The price had reached a crucial support area held by the 200MA line. As seen from the previous day candle it shows a significant amount of buyers pushing the price back up above the 200MA line. And from the past price movement, the 1000 price area had always been a solid support line for the buyers to enter. And the weekly chart indicated a strong amount of buyers too. Hence, a trade was taken at 1031.8 and a 2RR is expected around the region of 1077.4. And a SL is set at 1009 with the additional assurance coming from the 200MA line.
Dagangan ditutup: sasaran tercapai
The price of Google had just hit my profit target hence I'm closing part of my trade. However, I'm leaving part of my holdings to run as the price just broke the 50MA line and I'm expecting some minor range or pullback before heading higher. The next profit taking should be around 1128.8 region but if the overall market is unpleasant I would fully close the Google trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.