GOOGL is compressing here and i like setups which can be traded both ways. A break of the lower trendline and fridays lows (2135) should see 2113, 2100 and 2040.
if the trendline holds, we can go long above fridays highs for a trade to 20 daily moving average (2235). 2217 can be minor resistance too.
i am looking at 2220C JUL 8 for a long and 2120P for a short.
if the trendline holds, we can go long above fridays highs for a trade to 20 daily moving average (2235). 2217 can be minor resistance too.
i am looking at 2220C JUL 8 for a long and 2120P for a short.
Note
Sold my 2220C today and rolled it over to 2450 JUL 15.Trade closed: stop reached
took a loss on 2450C today but its a roll up. still up 300% on whole.
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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.