$GOOGL pre-split
GOOGL posted a bottom tweezers formation on the daily chart. We continue to believe that this stock will have some sort of oversold bounce into the split this month. We are long the $2250 calls for July 22nd. The first big resistance area for this week is $2217. Reclaiming the 8&21EMAs around $2240 will be an important aim for the active bulls this week. See if it starts showing any relevant strength in order to increase your position ahead of the split. Make sure not to chase!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.