On April 1, 2024, GOOGL broke out to a new high, as mentioned in my post in the related ideas section. I entered my first position there on that candle.
Now, what is the target price?
I don't use target prices much in my trading because I am a trend-following trader, and I am trying to hold on to a position for as long as possible until the uptrend ends.
But let's try to use some pattern for a prediction.
The target price was shown on the chart.
İşlem aktif
We sold 50% of the position as the stock went down from its high. We will keep the 50% as long as the stock stay above its MA-20
İşlem elle kapatılmış
The stock did reach the target price as described above. However I could not keep the position into earnings as the overall market was very weak. I closed the trade before the earnings therefore I missed the upside of breaking out after earnings. I will look for opportunities to enter again.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.