This upcoming week, I expect Fed meeting(s) to put short term selling pressure on Google, driving us down to 50-day moving average of $1,982.
At $1,982, I will increase my long exposure and see if it holds before adding calls. I recommend being cautious, as trigger limits could drop this to next support around $1,920 levels, where I believe it is a high conviction buy.
I think this is last wave of FANG dips, as I will be looking to increase long positions. This happens to be my favorite FANG for many reasons, specifically, as a re-opening candidate i.e their advertising revenue from travel returning, as well as digital advertising rising in 2021.
Good luck to all.
At $1,982, I will increase my long exposure and see if it holds before adding calls. I recommend being cautious, as trigger limits could drop this to next support around $1,920 levels, where I believe it is a high conviction buy.
I think this is last wave of FANG dips, as I will be looking to increase long positions. This happens to be my favorite FANG for many reasons, specifically, as a re-opening candidate i.e their advertising revenue from travel returning, as well as digital advertising rising in 2021.
Good luck to all.