GOOG has had a good month thus far rising about 9% and relatively strong compared with
QQQ ( black line on chart) as shown on this one-hour chart. The past couple of days it has
rested in consolidation at the upper volume shelf on the profile. The stochastic RSI has the
lines low below the oversold /undervalued line of 25 and "curling up" suggesting they are about
to cross. The 24 hour running average volume indicator shows stable volume at a level higher
than April. No matter it may be overextended, GOOG has consolidated to base the next leg
up. Its high liquidity and low spreads make for a long entry of stock or call options.
QQQ ( black line on chart) as shown on this one-hour chart. The past couple of days it has
rested in consolidation at the upper volume shelf on the profile. The stochastic RSI has the
lines low below the oversold /undervalued line of 25 and "curling up" suggesting they are about
to cross. The 24 hour running average volume indicator shows stable volume at a level higher
than April. No matter it may be overextended, GOOG has consolidated to base the next leg
up. Its high liquidity and low spreads make for a long entry of stock or call options.
Trade active
GOOG is pushing higher today. It was good to get in during consolidation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.