GOOGL Friday looked promising: Alphabet (GOOGL) briefly punched above a six-month down-trend line on 1.5× average volume. But by Monday’s open the tape screamed “supply.” Here’s the quick anatomy of the cut—and why capital rotation beats hope every time.What I Wanted
A clean break through 178 → trend-line flip into support → momentum push toward the 200-210 supply shelf.
What I Got
• Effort ≠ result: 63 M shares traded yet price closed near the session low.
• RS line refused to make new highs; mega-cap peers out-performed.
• The “line-in-sand” (21-EMA / 172.50) was threatened at Monday’s open.
Decision Rule
“Breakouts must work right away—if they don’t, sell quick.” – Mark Minervini
I pulled the ripcord at 176.18, a hair below my entry, preserving both cash and mental capital.
Result
-1.2 % paper cut, +$11K buying power released for higher-grade setups (BSX, SMCI).
Key Lesson
Great trades start with statistics, not stories. When the odds flip against you—even with an 8 : 1 theoretical R:R—the right move is to recycle ammo into the next A-setup.
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.