GOOGL is at an interesting spot
Updated
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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