Google Shares Can Fall From Parabolic MoveTraders,
Google (Alphabet) had one the best runs since covid-19 crash last year. The move has just been nothing short of the best parabolic one in any stock in recent times. However it may be about to change. For the first time, Google price action has started to show sign of a correction.
And we know that when a parabolic moves corrects it usually is a quick one too. 😃
Both charts and algos are telling the same story. So this is something I will be watching next week as it may start a new domino effect and lead us into a great profitable short opportunities.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Stockstosell
Crash MarketThe First signal of a market downturn was announced a few weeks ago by the japan Nikkei index
ARKK SELL/SHORT ALREADY ACTIVE to 60.50 - 82.50 (Next buy entry)TICKER CODE: ARKK
Company Name: ARK Innovation ETF
Industry: Financial | Exchange Traded Fund | USA
Position Proposed: SELL
Technical Analysis
1. Falling Wedge Pattern (Potentially forming)
2. Large Head & Shoulders (Completed)
3. Fibonacci Retracement at 0.786 is at the market key structure
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. Monthly chart was recently in the overbought range
(will be looking for it to fall back in stable range, hence the fall)
Analytical Assumption
Monthly chart has not done any proper retracement
to any market structure hence, we are looking for a deep pullback.
This deep pullback will hit previous resistance which is now the new support
Sell Exit: 110 (would be the nearest)
Buy Entry: NOT READY (60.50-82.50) - Should be ready around August - End 2021 (will update entry potential on closer date)
1st Partial Take Profit: 190.20 (July-End 2022)
2nd Partial Take Profit: 270.00 (2023)
All take profit may differ accordingly depending on available data (NOT ENOUGH AT THE MOMENT)
Stop Loss: 50.5
This chart will be monitored and updated on a closer date or when more data is presented.
WPG Technical Analysis 🧙Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centers and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida.It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.
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