GOOGL
$GOOGL | TRADE IDEAAnother prime short contender that can see nice downside potential IF market weakness accelerates. Simple longterm bullish channel that has held since last year. Notice every time we reach the red region, we see some sort of pullback either back to the median (white line) or support (green line). I have a small short position as a hedge to the overall bull market. Play cautiously and good luck out there!
Googl Short IdeaEarlier we have seen a very good uptrend from the bullish rectangle forming a rising wedge pattern.
Stay long as long as price stays inside the channel.
Short on breakdown from channel for the given targets.
Also target areas can act as support and be possible reversal zones. Follow future price action.
Target = Blue horizontal ray
Green arrow = Long idea
Red arrow = Short Idea.
Kindly do your own research and enter. Also if we see consolidation in the next few days below the channel then we have to update the pattern.
TESLA above support, price to rise TESLA
price is above support, if price continues to hold above the support I expect the price to move higher towards next resistance.
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.