$GOOGL - 50DMA and trend line check back
Google broke out of descending broadening wedge briefly and currently it checked back to the trend line which is also a 50DMA area. So far the area has provided a good support. There is a good chance that it could head back to $108 area. It could still come down to $90 area which is a great area to load again.
Target 1 - $100
Target 2 - $108
Risk - fall to $90 - $87 area
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
Target 1 - $100
Target 2 - $108
Risk - fall to $90 - $87 area
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.