Alphabet Analysis 05.11.2021Hello Traders,
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Go to ATH and have 60%?The paper started an upward movement. Strong resistance will be near $42. A fair price for this stock is now around $50. It is possible to earn almost 60%
Fundamentally a very strong company
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$GOOGL | WEEKLY WATCHLIST 11/1I alerted a Google long debit spread last week and those printed in the end of the week! Expiration is this Friday so please take caution. Looking to potentially roll profits into a new position depending on how price action looks early in the week. An amazing breakout and reclaim of the longer term daily channel.
Last week, I said it was KEY that we get a daily candle close above the previous ATH level of $2925.04 which we did get. Looking for continuation this week to reach my wave 3 target of $3032 before a short wave 4 retracement and 5th wave higher. Really loving this setup as this leads big tech.
10/31/21 GOOGLAlphabet Inc (Google) Class A ( NASDAQ:GOOGL )
Sector: Technology Services (Internet Software/Services)
Current Price: $2960.92
Breakout price trigger: $2925.00 (hold above)
Buy Zone (Top/Bottom Range): $2900.00-$2815.00
Price Target: $3100.00-$3122.00 (1st), $3390.00-$3425.00 (2nd)
Estimated Duration to Target: 10-11d (1st), 32-35d (2nd)
Contract of Interest: $GOOGL 11/12/21 3000c, $GOOGL 12/17/21 3200c
Trade price as of publish date: $33.50/contract, $24.90/contract