$GOOG TOP 20
Added 2024-09-24 16:31:47 +0000 UTC$GOOG's price action is right in between the 50 and 200 Day MA's right now, this is suppose to be the worst performing week of the year, so if the price can stay within this tight range between these two MA's for this week and the month of Sept then I will be happy with this hold of support.
$GOOG and $AMZNs plan are exactly the same, we added to catch either Wave B or the start of another Wave 5, so stick with this, as we did with $AMZN and let the price action guide us
A retest and hold of the 200 Day MA would not be a bad place to add again.
Comments
I wanted to reply after understanding the terminology properly being new. From the MA lesson of Elliott Wave Theory Course, I see "the 50 day moving upwards through the 200 Day MA is known as a Golden Cross and generally considered a change trend and bullish". The setup suggests that's where we are. How long do we observe the hold above 200 Day MA before buying? Correct me if I am wrong in my understanding!
Raghu G
2024-09-25 01:30:24 +0000 UTCOn the 200 Day MA if it holds, yes
Gareth Neary
2024-09-24 17:18:44 +0000 UTCHi Cap! For someone who doesnโt own this, is it a good time to buy or wait?
Raghu G
2024-09-24 17:11:19 +0000 UTC
