Top 5 Weekly Trade Ideas #3 - GOOGL Trend Retest

2024年11月24日

Nice looking chart here on GOOGL IMO. I'm mainly focused on the two secondary trendlines. One is an uptrend and the other is a previous downtrend that has been broken. Price just tapped both of these trendlines at the same time and held after a recent sell off.

This looks like a great spot to long if you ask me, but it could be used for a short if it falls below. It's not often you have trendlines converge this cleanly. As the path shows, upside target is around $171. $168 and $174 could be areas of interest as well.

In the case of a downside break, target would be around $155. I'd look for shorts if it broke below and failed on a retest.

2024年12月2日

交易开始

Really nice move for GOOGL. Currently sitting around my second upside target. Still expecting $174 to hit eventually, we may be due for a bit of a pullback soon though.

2024年12月4日

交易结束：到达目标

Target hit. Looks like it wants to keep going but that was a huge move off of that trendline test. No need to be greedy after that.