GOOGL - 7.17% Profit Potential - Ascending Triangle

Ascending Triangle and new support confirmed multiple times in the past 3 days.

Target price set at new historical resistance line bounce.

- Historical Uptrend
- RSI and STOCH above 50
- MACD above Signal

Suggested Entry $1592.45
Suggested Stop Loss $1560.3
Target price $1710.71

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.

Comment:

Since this was featured as an "Editor's Peak", I use the opportunity to invite you guys to follow me. I post on average 2-3 swing trades ideas per day using the exact same actionable format.

I tend to focus on mid-large cap stocks and tech.

Comment:

EDIT: "Pick" :)

Trade active

Trade closed: target reached:

3.09% profit