2waytrading
Short

Breakout Upside, is it real?

BATS:GOOG   Alphabet Inc (Google) Class C
239 0 1
First, price tested previous pivot high or swing high above average volume which is a positive, second market is hovering all time high, with all these in mind, and there is a relative risk shorting the stock, my experience has thought me not to fear at this levels and have $740 downside target next six months if not less. My short term downside target now is $800 in six weeks, and have 845/800 put spread. If you are not in this trade, and planning to have a short position, use a tight stop with target price $800. Join us woowtrading.net
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