Swing Trade Stock of the Week: Google Redux

No, you are not experiencing deja vu.  This week’s stock of the week is GOOGL, the same stock we featured last week.  

Seven days ago we talked about that beautiful “W” bottoming formation and remount of the 50 day moving average.  With the earnings catalyst out of the way, we can now safely look for good entry levels.

Let’s analyze the chart.  That W bottom pattern is still in effect.  While there was a remount and violation of the 50 day moving average, earnings again remounted that key level.  Today we have pulled back into that range.  An entry in the $522-536 range, should provide a good risk ratio.

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GOOGL 2-2i-15


My focus list is, market analysis and trade alerts are all featured in the Market Speculator Part-Time Swing Trade Report.  If you would like to receive the swing trade report and alerts, sign up for the free trial.  Follow me on twitter or email me at SinghJD1@aol.com



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