IvanLabrie
Short

GOOGL: Fade vertical leg

NASDAQ:GOOGL   Alphabet Inc (Google) Class A
131 3 10
I'm considering buying puts, risking 3% to make a potential 10%+ in the next couple of weeks.
Based on the price action and the volume I expect this pair to gap down on earnings .
A fairly reasonable risk/reward if you ask me!

I added a standard deviation and moving average to the range exp             volume indicator, to determine if volume is above or below average, which paired with the coloring in the range expansion bars gives me a good idea of the overall sentiment.
We can also see an application of the different key hidden levels in this chart, as resistance in this case, which is likely to hold.

Good luck, and see you next month.
Time to protect profits if trading this one. Vertical leg, correction coming.
Reply
Price, meet resistance, resistance, this is price. ;)
+1 Reply
Hey Hey nice to see you venture into stock charts!
+2 Reply
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