GOOG performed well with the recent tech run!! Can it last?


- GOOG, similar to many tech counters are hitting key resistances and when at resistance, a good practice is always to manage your risk actively. (e.g. don't go long at resistance, don't FOMO, wait for pullbacks to get it at improved risk/reward)

- GOOG is coming out of a MA5 / MA20 cross above ==> bullish trend (e.g. I sold puts at that convergence, e.g. 10 Mar)

- It is now outside of upper limit of BB and also getting rejected by MA200 (Purple) ==> I usually don't go long here, but I wait for pullbacks)

- It is also broken out of a range above 101 ==> So I note how it remains above 101 or break back into range

- I will look for 96/97 as a healthy pullbacks and will also remain bullish if price action continues to get stuck with the upper BB limit

- Note also the double bottom pattern also tops out at 104.


Will let my sold GOOG puts simmer abit longer. A negative FOMC will make me trim my long positions. 


Good luck, all!

@TigerStars  @CaptainTiger  @Deposit  @LMSunshine  @melson  

$Alphabet(GOOG)$ 

# Technical Analysis

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  • jeffry09
    ·2023-03-20
    TOP
    3rd time is a charm for $89s but this time we could see $70s and possibly high 60s In the Coming weeks
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    • Asphen
      that's good levels if it gets there.
      2023-03-20
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  • LuckyPiggie
    ·2023-03-18
    TOP
    i dont think all the tech rally can last ...  no change in the fundamentals. When banks dust settle down , funds will flow back to banks again [Cool]
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    • Asphen
      yup. so I wait for pullbacks.
      I m selling puts so it works out.
      2023-03-18
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  • fishinglo
    ·2023-03-20
    TOP
    this temporary cash influx from the fed will not last. short term google will have a severe pullback, long term googles eps growth has been abysmal.
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    • Asphen
      yes. but will ride it as long as liquidity is there. can visibly see increased liquidity past weeks.
      2023-03-20
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  • melson
    ·2023-03-18
    TOP
    [Happy] most likely bounded by the upper Bollinger band of weekly chart. powell likely to huff and puff again to tame inflation
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    • Asphen
      yeah. expecting pullback soon so intend to either close my puts before or after Mr Powell. 😉
      2023-03-18
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  • YvetteGunther
    ·2023-03-20
    TOP
    everyone should buy this stock now while it's low. Just like Microsoft, banks have little influence on Google.
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    • Asphen
      yup. but now not low. 😀
      2023-03-20
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  • LeonaClemens
    ·2023-03-18
    TOP
    Current price is expensive for me to buy.
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    • Asphen
      so I sell puts at strikes 80/85
      2023-03-18
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  • MaudNelly
    ·2023-03-18
    TOP
    Well, I think MSFT is better than GOOG
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    • Asphen
      I like MSFT too. but it is also approaching rejection zone (around 290) where it will comeback down to 250/260.
      2023-03-18
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  • CaesarHicks
    ·2023-03-18
    TOP
    GOOG is on the bullish trend currently.
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    • Asphen
      yes. the major tech has been running as funds flowing to them away from financial counters.
      2023-03-18
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  • Khikho
    ·2023-03-18
    O
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  • tingzzz
    ·2023-03-18
    thanks
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  • NightHawk
    ·2023-03-18
    ok
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  • JT1806
    ·2023-03-18
    K
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  • 發財 Huat Chye
    ·2023-03-18
    Huat
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  • Tang Kok Weng
    ·2023-03-18
    K
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  • IZTan
    ·2023-03-18
    ok
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  • views123
    ·2023-03-18
    ok
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  • Babsy
    ·2023-03-18
    👍🏻
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  • Huat77168
    ·2023-03-18
    [Smile]
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  • SanWangtikup
    ·2023-03-18
    Ok
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  • PamelaOng
    ·2023-03-18
    T
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