GOOG- now at ATH completing A Cup and Handle LONG
GOOG as shown on the daily chart has completed a cup and handle and has the momentum
of moving up to its previous ATH set 2/1/24 and November '21. This could forecast bullish
continuation to add $50-70 onto current price as so 30% onto the market cap. GOOG has
been relatively stable in the current general market environment. Earnings are coming in
three weeks. Google is dependent on ad revenues primarily and so its income stream is
relatively narrow focused no matter the variety of its services. I will take a long trade
here expecting good price movement heading into earnings with a trim of the position
just before earnings and stop loss adjustments at increments to diminish.
of moving up to its previous ATH set 2/1/24 and November '21. This could forecast bullish
continuation to add $50-70 onto current price as so 30% onto the market cap. GOOG has
been relatively stable in the current general market environment. Earnings are coming in
three weeks. Google is dependent on ad revenues primarily and so its income stream is
relatively narrow focused no matter the variety of its services. I will take a long trade
here expecting good price movement heading into earnings with a trim of the position
just before earnings and stop loss adjustments at increments to diminish.
코멘트:
Price sideways- holding full position.
코멘트:
More sideways. Patient and watching.
코멘트:
Price moved up a bit. Stop loss raised to break even. now 15 days to earnings.
액티브 트레이드:
I will add to the position on the retest of the Cup and Handle support line at 153.7