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The Long Investor
The Long Investor

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$GOOG TOP 20

$GOOG reported after the close yesterday and it was a comfortable beat with no large concerns addressed, EPS beat by +40% and the PM loves it now up +4.5%.

We can see that the price action is up to the amber 0.38 Fib now too at $168 on this news and routing to the 50 WMA at the 0.5 Fib at $175 which we have been expecting.

I said this week that $GOOG was the best looking Mega Cap right now but at this stage entering does not make a lot of sense unless the 50 WMA is converted to support.

We are on alert for the price action to test and possibly reject there, along with the market.

$GOOG TOP 20

Comments

TSLA and MSFT both first to work their way through the ABC correction(Still early for both here BUT they are furthest along in terms of Wave C progress). GOOG I hope is next to follow suite.

Daniel

Can't wait for wave C. Give me sub-130 so I can retire

Shaleen Deep


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