shecantrade

GOOG has flat lined, get out the paddles

BATS:GOOG   Alphabet Inc (Google) Class C
118 0 0
Well it seems that GOOG             has flat lined. If you notice over the last few trading days, GOOG             seems to be keeping tight with the 21 EMA . At this point I'm waiting to see some clearer conviction before making a trading assumption about a direction. As GOOG             is consolidating, I'm looking for two closes below the 21 EMA before I think the long trend has changed. So until the paddles come out to revive GOOG             I'm just waiting.


This chart is a good reminder that there are times when a good trading decision is to decide not to place a trade. For now, since I don't know which way the freight train is coming, I'm choosing to stay behind the safety barrier, off the train tracks to avoid getting run over.
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