Google/Alphabet has ripped through 217 and now at 325. The trouble with a fast move like this is there's heavy money looking for reversion to the mean. We are very far form any long term trend lines and up above the post-covid maximum trend line. Holding onto GOOG/GOOGL is highly risky here.
Major resistances like $217 almost always get checked back into so the risk of $217 is very high. I know google's revenue has been showing signs of accelerating, but not at fast enough rates that make me think it can fully avoid hitting 217.
So short resistance here 325 targeting 217.
Good luck!
Major resistances like $217 almost always get checked back into so the risk of $217 is very high. I know google's revenue has been showing signs of accelerating, but not at fast enough rates that make me think it can fully avoid hitting 217.
So short resistance here 325 targeting 217.
Good luck!
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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.