So yes, we have a high risk market and we have a general sentiment situation that has completely erased the bleak hopelessness (another way of saying unsustainable over bearishness) of that dark Christmas Eve morning not so long ago. But also yes, we have had too many good looking charts to actively begin a bearish stance yet.
One of those charts has been GOOGL, which I bought on Christmas Eve and have traded a couple times since, but have held for a few weeks now. I tolerated last week’s drop to test the slightly up turning SMA 200 and lateral support and now will try (key word: “try”) to hang on for the target, which is something I sometimes fail to do for reasons often not having to do with the stock in question (market view, portfolio balance, etc.).
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