GOOG - Entry, Volume, Resistance, Target, Stop

Zaktualizowano
Enter when price clears 109.63
With daily volume greater than 34.68M
Target: 123 area
Resistance: 112.64 & 117.78
Depending on your risk tolerance: 105.12 gets you 3/1 Risk/Reward

This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Uwaga
Broke 109.63, but not enough volume, will keep watching and hoping for more volume.
Zlecenie aktywne
Very strong volume right out of the gate.
Uwaga
Sold 1/6 of my position - I usually sell in 25% or 33% increments, but I feel like this one is going much higher.
Uwaga
Resistance at 123.26, I will consider reducing my position at are near that price range.
Uwaga
Revised target: 129 area.

Sold 1/6 of my position. Still holding 2/3 of my original position.
Uwaga
Targets are areas - no one can say with certainty that a stock will reach a target - it's an estimation based on how I read the chart. If a stock starts to show signs of weakness, take your profit and run. You can always buy back if you need to, but it's best to take profit and wait for the next buying opportunity (as a swing trader).

This stock has already reached the initial target ($123) I set on April 29th. The rest is gravy for me, if it hits the revised target of $129, great! If it starts to show signs of weakness, I'll take some off and eventually sell my remaining 2/3 position.

NO stock goes up forever, typically when a stock get's this far 'stretched' or this far over bought, it will retrace. Watch for it and make sure you don't lose those profits.
Uwaga
Sold 1/6 of my position, leaving me with 1/2.
Uwaga
Enjoying the ride.
Uwaga
I added to my position today.
Uwaga
Sold 1/2 of my open position today. While it's still a few buck from my 129 target (but over my original 123 target), I feel like the market has to pull back eventually - especially Nasdaq.
Uwaga
I’ll add to my position if/when price clears 127.05 on greater than 30M in volume.
Uwaga
I do plan to sell the remainder of my position when my target is hit. Nothing goes up forever, but I'll definitely be watching for a new entry opportunity.
Transakcja zamknięta: osiągnięto wyznaczony cel
Exited at 129 even. Will watch for (and post) my next plan for entry.
FibonacciPivot PointsSupply and Demand

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