Solid Consolidation -- breakout expected -- Long

NASDAQ:GOOGL1D

Alphabet Inc.NASDAQ

Description

⋅ Aug 24, 2018 8:05 AM

When GOOGL consolidates, spikes hard for few days.

Comment

⋅ Aug 24, 2018 8:07 AM

Conversely we can see below 1190sh level for deeper correction.

I am already long on GOOGL (Oct 1225 calls). I'll add more on breakout or if it pulls back more.

TRADE IDEA.
- Initiate a small position today (calls or buy call spread ... expiry Oct/Nov).

Comment

⋅ Aug 28, 2018 7:45 PM

Trump halted our march. But I'll buy again in weakness.

Comment

⋅ Aug 28, 2018 8:01 PM

Tomorrow is options expiry day well, might be a choppy day. I might add GOOGL again tomorrow.

Trade closed manually

⋅ Aug 31, 2018 4:35 PM

Long weekend and trade war stuff and so much. Closed this trade for nice profit. Trying to close all my trades and I'll be 100% cash

Trend Analysis

Comments

TNasr

⋅ Sep 1, 2018 3:17 AM

Good timing. It seems the body of today's candle stayed above the upper trend line today, what do you see going forward? I think we will see new highs this year based on Elliot Wave derived Fibonacci levels.