[Watch it] Sub 100$ GOOG looks interesting for some DCAWhile was originally looking for some long term buy opportunity at 90$ and below, given the overall picture i started DCAing right from here close to the 95$ mark.
Reasons:
1) Pretty extended and unprecedented RED TD count on M
2) CMF sub-zero, unprecedented as well
3) Close to 0.5 FIB
4) ongoing bullish divergence on RSI
5) Price close to lower BB
Will accumulate down into the blue box, having the opportunity.
That said it may bounce off the 0.5 FIB, eventually.
Mind the risk.
DYOR, highly speculative trade.
Prettified chart:
