Google has been hesitantly trading above the 141.4% fib level since the last earnings report to now. Unlike most of the tech stocks in the last month, Google hasn't seen any major down moves. While this is risky, considering the negative sentiment around techs and big money rotating from tech and growth to cyclicals and value, shorting google at this level can reap high rewards once it does break the level leading to a high-velocity drop as people rush to get out.
Trade stängt manuellt:
Turns out it was a terrible idea.