GOOG is on a 4 day winning streak, it has been unable to have a streak >4 days since September. Meaning we could be looking at a red day this Monday and expect another run up, but if you take a look at the chart, a red day normally breaks its' uptrend. Also taking a look at the 15 minute chart it has been very toppy around $785 and there is a gap to fill to around $775. I am shorting GOOG with a stop of $785 and a target of $775, I am hoping it opens flat so that I can execute this trade with minimal risk.
AAPL way too toppy here imo, I have a short target of $460 based on a trendline on the 15 minute 5 day chart.
$480 level on AAPL is way too toppy, if we see a break above it we could shoot for $490's but I seriously doubt such an event. (CAM's watchlist suggests a move higher so keep that in mind, he is after all the better trader.)
As long as NFLX remains above $180 I am bullish with a $188 target based on my trendline. If it breaks $180 on high volume and not just a small little $179.50 ish kind of pullback it could see $173 as a bottom.
Mingle Forum by cartpauj
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