The Long Investor
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$GOOG TOP 20
🕑 Added 2025-03-09 19:05:24 +0000 UTCImportant week for $GOOG as it comfortably lost its 200 Day MA this week and we can see that there is a retest of this level from below to end the week at $176.
If there is a rejection next week underneath the 200 Day MA then we can assume that $GOOG will meet the same faith as $MSFT next and there will be a lower low down to the blue line or 0.38 Fib between $155 - $138 to complete Wave A.
A rejection under the 200 Day MA this week may encourage people to trim their position too before the decline.
Flipping the level to support will certainly be a bullish indication for the Melt Up scenario.
Comments
G
Are you planning to trim? I for sure would love to accumulate lower. My avg is $164.
