TradingView
Rocketman
Mar 5, 2015 11:59 PM

Profit target on GOOGL on a Monthly and Weekly Basis Long

Alphabet Inc.NASDAQ

Description

Given the fundamentals of Google are better going forward, this is a monthly/weekly profit target of Google based on the 161.8% Fibonacci projection; that is, a profit target of $803.30.

On a daily basis, the technical risk reward level is not warranted for an entry in my book. II am not a momentum trader, so I am waiting for a correction or pull back or some consolidation on a daily basis.
More