GOOGL has had a strong recovery from the September/October reversal to -2 ATR. Trading now in a strong upward trend channel it looks ready to achieve the 3116 level. Key points:
B Score above 50 and trending 3 strong system buy signals in play Moving average support is strong across all time frames Alpha Score is above 70
Under my trading system this is a GO LONG scenario and traders would be well served to consider long call debits, call butterflies as well as put credit spreads.
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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.