Google Buy Idea @ Weekly Demand Zone (996.62 - 961.21)
Buy Limit: 1001.11
Stop Loss: 947.33
Take Profit: 1151.01
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches ...
GOOG bounced nicely off its support at 977.71 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1125.29 (horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off near its support at 8.2% where a corresponding rise could occur.
Google is in a downtrend.
Support at 959 is reachable.
Do not long it yet.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
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