Low-volume areas develop when participants have directional conviction. Short term strategy is to fade those areas (short resistance, long support). When you trade into an area of low volume, then sentiment (directional conviction) has changed. Once prices penetrate this area, movement is swift.
I am anticipating subsequent tests to follow through and get us to...
TSLA
Tesla, bullish going up, because his effords and the success of SpaceX missión, a great hope for humanity and spacial carrer.
It´s the start of a Bullish trend. Maybe, we will see a correction, and then go up.
Is also recommended to get in Alphabet (GOOGL), the firm has participation in SpaceX.
Good trades!!
See you Later!
Presently GOOGL is in LONG trade on RSI Divergence Indicator. This long is going to be closed /exit soon , as I see divergence on the RSI overbought area.
Price made new HIGH , but RSI5 is not registering that , BEAR flag comes here ... (not shown yet) ... just watching when that will be shown by the strategy :-)
What you are looking at is an equally weighted 'portfolio' of all the FAANG stocks,
~FB
~AMZN
~AAPL
~NFLX
~GOOGL
And what the performance would have looked like if you had put an equal dollar weighted amount into each, at the earliest point you were able to, i understand that this is impossible to time or predict, but what it does do, is it serves to illustrate...
Evening Traders,
Today’s Technical Analysis – GOOGL – breaking a multi-year weekly resistance with strong volume. Consolidation and a retest of structure will confirm a new range.
Points to consider,
- Multiple weekly closes
- Strong volume
- S/R Flip retest (confirmation)
- Local high (blue sky breakout
GOOGL has closed consecutive weekly candles above...
GOOGL stock High probability to ride up to the price 1384.00 USD .
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The continued trend is expected to show up a possible breakout on the key level sitting above. And will wait for the confirmation and entering in a perfect retest and reversal towards the market...
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Despite taking a hit on the ad side of the business, Google (GOOG / GOOGL) has had a textbook "V" shaped recovery (Or in this case, an upside down "A" recovery we could say). Can the bulls make the final push back to all time highs? One could argue the new stimulus package will...
GOOGL stock High probability to drop to the price 1280.00 USD
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![GOOGL: [GOOGL] - Trade of the Day](https://s3.tradingview.com/r/rwMRAwqD_mid.png "[GOOGL] - Trade of the Day")
![GOOGL: [GOOGL] - Downward channel](https://s3.tradingview.com/9/9zhIS6EV_mid.png "[GOOGL] - Downward channel")
![GOOGL: [GOOGL] - High probability to drop to the price 1280.00 USD](https://s3.tradingview.com/o/Of5vmunV_mid.png "[GOOGL] - High probability to drop to the price 1280.00 USD")