If I were you, I would be cautious with $GOOG.
Don't get me wrong—it's a great company with excellent long-term potential.
However, I don't believe now is the right time to buy it.
There are currently two scenarios, both pointing to a similar outcome.
- Primary scenario (upper chart)
I expect $GOOG to decline into the white target zone between $312 and $204, most likely finding support around the 0.382 retracement at $252, or even near the lower boundary of the zone.
From there, I expect the next major bullish move to begin.
- Alternative scenario (lower chart)
In this scenario, $GOOG declines into the yellow target zone between $331 and $245, likely finding support at the red trendline around $272.
After that, I expect $GOOG to move on to new all-time highs above $500.
As I said at the beginning, $GOOG isn't a buy for me at current levels.
@NoLimitGains Agree 100%. Made my very small fortune this way: bought when opportunity struck. 2008/9, again Covid. And for sharp risers on pull backs (even a put on NVDA that went for over a mil).
Other way was buy and hold firms 10+ years. AAPL, AVGO, AMD. AMZN. Time in Mkt is king.
That is the pattern nobody wants to hear, because it requires patience most people do not have.
Sitting still for years. Then moving hard when everyone else is scared.
Everything else is noise.
@SCHDaccumulator Never feel down. Always compare yourself to those with less. Some 60 years old have nothing saved are in big debt. You’re half their age and already have a handle focused on dividend income. You’re okay kid.
Imagine being short a company that will be the leader in peptides.
And they've just been APPROVED by the FDA.
Is that the dumbest move of the year?
$HIMS +5%
@NotA_Bull Cry later. I invest for fun now, and it lets me be just a wee bit more patient than the folks who buy day 0 of the dip. You miss as often as you hit, but if you wait and catch another 10-25% of the slide, then the ride up is amazing… HIMS and BULL recently …