Next week google should hit 900$. Bullish on market Option Game plan 1)Buy long call 2) Bear credit spread Saief
Bounce on the way to form wave B!!
Perfect hit on the 68,50 retracement line, is 38 ret next?? jmho
GOOG retraced with the broad markets and closed below it's 21 Daily EMA. Is this a retracement or a change in trend? Let's look at the evidence. GOOG's last 2 pullbacks were to the 100 EMA, technically we can retrace to $807 and not violate previous patterns. The retracement barely made it to the 38% fib level. If we bounce from here this is generally...
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Eyes on Volume All JMHO
Bearish Market. Google next support could be at 840$ over next 2 week if it's close below 871$ on tuesday . Short sale and long put option. also good time for credit spreads.
Be wary of shorting oversold leaders.
Broken out of the old price channel with good volume n no retracement yet. Also ,sitting at the top of new (but unconfirmed) price channel. Tightening stop@below 840
Republishing Google weekly CLONING. As you can see the price pattern prediction 7 months ago worked out nicely. Google has had a nice run last few weeks and momentum could carry price to mid of CLONE 3 near term. If the over all market starts correcting we could see Google retrace to last pivot high or middle of CLONE 2. A deeper correction could see Google...
$GOOG holding up real well today given the market pull in. Today's lows around 817 is clear support. Below that could be a quick trip back to the 808ish. I do like google overall up here but I am a little skeptical it can maintain this high level base.
Last trade was great, and now price at and around where we think another shorting opportunity is about to kick in. Will monitor and see if price can push above $820 before we initiate a short position. Join us woowtrading.net