Looking to buy GOOGL above $171 if it holds.
Why:
Stop loss under .50 fib.
Taking profit just under swing high
Why:
- Broke through .50 fib resistance and held the retest (orange circle)
- Relative strength compares to SPY
- EMAs are nearby and may act as support if it breaks through them
Stop loss under .50 fib.
Taking profit just under swing high
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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.