As always, price is deceptive. GOOG is ugly, but I wouldn't write off a trade there just yet, in fact it looks to be in pretty decent position. Look at what GOOG has been up to while looking ugly.
GOOG daily-for a speculative long a stop could be placed below today's lows.
And sneaky, check out these chart- 1 min
2 min
3 min-all good confirmation
Even the 15 min, I'd consider taking this as a speculative swing trade and see if it gives more.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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