Googl.. where we stand

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My last post on googl (See below)
I showed you the rising wedge on googl at 200.. 25% later here we are..

This is a long term view. This the great reset back to the primary trendline..

This is logarithmic, logarithmic or log scale comes in handy to chart stocks or indexes that have made a parabolic move .

Here's the monthly trend
As you can see , with exception of the covid pump googl has respected this trend.. Now we are heading back to support.
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Since 2009 googl has never broken it's monthly 50 SMA. The monthly 50 SMA + the long term trendline is around 128-135.00

Throw in a Fibonacci level from ATH and 2020 lows and you get a 50% retracement

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That's my long term by zone for googl.. I wouldn't buy this stock until the 130's

I will update this later today with some actual tradeable analysis, this was just a long term view
Ghi chú
So as far as this week goes .
Google closed below it's monthly 20sma at 158.50.. the 20ema is at 159.00. so let's just say anything close to 160 will be tough resistance
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Now go to the weekly .. you'll see googl closed right above it's weekly 100sma at 153.90
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You put those 2 levels together and you get a range.
153.00 -160


If googl breaks below 153.00 then you short until 147 fib support..

For the long id wait for googl to break above 162.00 then target 168-170
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Ghi chú
147 may be the buy here guys for a nice rebound to 171 by Early may..
Of course stop losses below 146.00 very bearish closing below 146.00

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