GOOG: Darvas would have been super excited
The leader is back!
This is one of the prettiest charts to look at.. and GOOG is a main component of my portfolio.
an interesting observation on super big volume trading days is that most of them recently are associated with days where the price didn't break the prior bar's low .. this is a good sign of accumulation. big money buying in relative short-term weakness ?
Watching for another level up and a breakout to new range above $140.0 - maybe this week's macros can be the catalyst ?
This is one of the prettiest charts to look at.. and GOOG is a main component of my portfolio.
an interesting observation on super big volume trading days is that most of them recently are associated with days where the price didn't break the prior bar's low .. this is a good sign of accumulation. big money buying in relative short-term weakness ?
Watching for another level up and a breakout to new range above $140.0 - maybe this week's macros can be the catalyst ?
Comment:
More detailed chart
Trade active:
The trend was interrupted but now we're back on track .. breaking out to new range > $140
where to add to position? catch price below the 20SMA on 30min chart (or 50SMA on 15min) -- here are good places and more will come.
where to add to position? catch price below the 20SMA on 30min chart (or 50SMA on 15min) -- here are good places and more will come.