Market willing, a buying opportunity ahead in Google (GOOGL)
The post is titled “NFTRH++” because it is trading oriented, which will generally be the main theme of the NFTRH++ (trading signals, both long and short) tier of service to come. I don’t know yet exactly how it will look, but it could possibly include someone else, a real trader and former hedge fund guy (as opposed to your friendly letter writer, blogger and macro guy) and a live interaction platform.
For public readers, as noted to subscribers in NFTRH 848, I am going under the knife at the end of February and will be laid up into mid-March. So plans like NFTRH++ are out into spring/summer.
Back on message, I say “market willing” with respect to this GOOGL potential because I am bearish on the 2025 bigger picture for the US stock market. But market trends are what they are, and they are up. So forward opportunities like this one in Google (GOOGL) can be kept at hand for those interested. Per this NFTRH trade log entry, I took my profit on GOOGL for this reason:
But now that reason (the gap) could be a re-buy area as GOOGL continues to fall. Broad market-willing, a buy at clear support, including a would-be gap fill and the rising daily SMA 200 could work well. At least to fill the upside gap at 203.
A handy stop -loss could be the top of the bull pattern that I originally bought, at 168. A tighter tolerance would be a failure of support at 174.
Of course, any trading you may do should be your own decision based on your own research, possibly including sources like the above.
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