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Bob Marley
“You say you love rain, but you use an umbrella to walk under it. You say you love sun, but you seek shelter when it is shining. You say you love wind, but when it comes you close your windows. So that’s why I’m scared when you say you love me.”
― Bob Marley
You want your stock to move, but you do not trade. As the price gaps up, too far. One of the rule is do not chase.
You say buy low and sell high, but when gaps up you jump in (high very high). Be patient good thing takes time.
Picture worth a thousand words. Do spend some time to understand the chart. We put up a few chart here, a big picture, a closed up view, a fresh look of the chart. Have fun!
Moving Averages
Moving average is a powerful visual tool. Price action bounced above the MAs, when the trend is bullish. Price action bounced below MAs, when the trend is bearish.
Last Analysis
Near end October, we had have a look of this stock, Alphabet Inc. We see the peak in 2015 is a very critical level. It has been tested and retested, And it is likely to be retested again; at the time of analysis the PA is near the resistance again. See the last posting for details, Alphabet Inc Stock Analysis | GOOG | Moses’ US Stock Column.
We connected the two valley (low) to form an EDC, equal distance channel. We expected when the PA get resisted by the critical level, it will retraced back to the EDC low and rebounced back. The true is the River provide the support to bounce back the PA. Wow!
Alphabet Inc (aka Google) Stock Analysis
Alphabet stock scan, previously known as Google Stock Analysis.
“After the peak in July this year, the price action has tested and retested the same level number of time. Can the price action breakout from the level? Sure it can.” This is what we said previously. Truly, the PA has broken and gaped up. As we expected when the level is strong, the move shall be fast and strong.
November 20, 2015
November 20, 2015 Alphabet Inc (aka Google) Data Since 2015
Zoomed In
November 20, 2015 Alphabet Inc, aka Google Zoomed In
Fresh Look
Since the breakout has happened, probably it is time to have a fresh analysis. The gap up was so fast and yet so far. It is very risky to buy, don’t chase. Let’s wait for the price to go low before buy. Wait for the price to cover the gap then buy.
Remember all setup can fail.
November 20, 2015 Alphabet Inc aka Google
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Moses
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