GOOG has been churning wildly within a rising channel since hitting a low in May.
On a broader picture, this rising channel could be a bear flag within a bearish trend.
With a very weak close last Friday, I would be cautious to buy this dip.
With GOOG expecting to report earnings this Tuesday, we will know soon if this this rising channel will hold. Shall wait and see.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
On a broader picture, this rising channel could be a bear flag within a bearish trend.
With a very weak close last Friday, I would be cautious to buy this dip.
With GOOG expecting to report earnings this Tuesday, we will know soon if this this rising channel will hold. Shall wait and see.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Note
The market was fearful yesterday due to SNAP reporting poor earnings and weak outlook. However results and outlook for GOOG and MSFT weren't too bad (if at all). The big boys are still doing fine and it appears the market is optimistic that FED's impending rate hike has been priced in. Buy the dips is probably a good idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.