$GOOG TOP 20
Added 2024-10-30 11:09:09 +0000 UTCOur patience is now rewarded.
We bought both $AMZN and $GOOG on the bounce after their harsh decline in August and both have returned strong gains for us now.
$GOOG is right in the middle of the Wave B range as we expected and they reported a healthy earnings.
Analysts have chimed in this morning with PT's from $190 to $220, which would likely bring $GOOG up to making a new ATH.
So what do we do with our position right now?
Very little, let the price action work today, if this is Wave B then we will be watching for a rejection in the amber level range, if the Melt Up scenario comes in to play then we are looking for a test of the ATH line at $192 over the next week or so.
$AMZN, $MSFT, $META and $AAPL still need to report....and a positive report from all four and $GOOG will likely follow higher.
Comments
Was this enough of the rejection you wanted to see? Are we fully anticipating wave C now or still TBD? Feels like a lot is TBD heading into next week.
Trading Chairman
2024-11-01 20:50:03 +0000 UTC
