Top 5 Weekly Trade Ideas #3 - GOOGL Trend Retest
Nice looking chart here on GOOGL IMO. I'm mainly focused on the two secondary trendlines. One is an uptrend and the other is a previous downtrend that has been broken. Price just tapped both of these trendlines at the same time and held after a recent sell off.
This looks like a great spot to long if you ask me, but it could be used for a short if it falls below. It's not often you have trendlines converge this cleanly. As the path shows, upside target is around $171. $168 and $174 could be areas of interest as well.
In the case of a downside break, target would be around $155. I'd look for shorts if it broke below and failed on a retest.
This looks like a great spot to long if you ask me, but it could be used for a short if it falls below. It's not often you have trendlines converge this cleanly. As the path shows, upside target is around $171. $168 and $174 could be areas of interest as well.
In the case of a downside break, target would be around $155. I'd look for shorts if it broke below and failed on a retest.
Dagangan aktif
Really nice move for GOOGL. Currently sitting around my second upside target. Still expecting $174 to hit eventually, we may be due for a bit of a pullback soon though.Dagangan ditutup: sasaran tercapai
Target hit. Looks like it wants to keep going but that was a huge move off of that trendline test. No need to be greedy after that.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
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.