GOOG long
GOOG sets up long at current levels with excellent reward/risk parameters.
Today’s intraday pivot is 398.43, just a little below the daily fuzzy C area and worthwhile as entry point; and I note price is sitting there right now
(a little over it now as I type this).
475.11 price resistance is a logical target, which is 19% profit. For a great r/r ratio of 10 can risk 1.9% on the trade, and that’s $390.46 which offers more wiggle room on a test of price support from yesterday. But if you use yesterday’s low as a stop that’s only 0.95% risk which is great and r/r of 19!
The mouse is in the air dudes! Note: While failure of yesterday’s low (and hence the daily C) would be a bearish thing, the monthly C value is the more important one.




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