Trade idea update - Swing put entry on GOOG
Price opened at the daily 10ema and here on 30min chart you can see the 50sma resistance (purple line). Price is under cloud, still in overall downtrend. I bought 25 Feb 2500 strike puts. I may also get 18Mar at a lower strike.
On the daily chart, stochastic %D is heading down and 20sma has just crossed below 200sma. Yesterday I posted a "double top rally" that could actually give way to another market move up before more selling returns. I think we are seeing that today with markets up. I am looking for swing put entries.
On the daily chart, stochastic %D is heading down and 20sma has just crossed below 200sma. Yesterday I posted a "double top rally" that could actually give way to another market move up before more selling returns. I think we are seeing that today with markets up. I am looking for swing put entries.
