Will GOOG continue to 163 or struggle below 155 down to 137?
Price action (20 Apr 2024)
- Price action at key level 155 ==> Also where MA5 is touching MA20 now
- If MA5 cross below MA20, then is bearish
- A cross below MA20 would mean 163 no longer in play and a break below 155
- Look for a back test of 155 on the way up
- Any failures will mean continued bearishness to 137
- Note the earnings on 25 Apr 2024 ==> a negative reaction will certainly mean 137 coming up!
My plays
- Been nibbling GOOG shares since months back
- Cost base 130
- Sold puts strike 143 and 135
Good luck, all!!
GOOG Daily - 20 Apr 2024
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