Google/Alphabet has ripped through 217 and now at 325. The trouble with a fast move like this is there's heavy money looking for reversion to the mean. We are very far form any long term trend lines and up above the post-covid maximum trend line. Holding onto GOOG/GOOGL is highly risky here.
Major resistances like $217 almost always get checked back into so the risk of $217 is very high. I know google's revenue has been showing signs of accelerating, but not at fast enough rates that make me think it can fully avoid hitting 217.
So short resistance here 325 targeting 217.
Good luck!
Major resistances like $217 almost always get checked back into so the risk of $217 is very high. I know google's revenue has been showing signs of accelerating, but not at fast enough rates that make me think it can fully avoid hitting 217.
So short resistance here 325 targeting 217.
Good luck!
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.