iBankCoin
Joined Jan 27, 2008
7,062 Blog Posts

She’s A Beauty

The $VMW worked well this morning, but I’m not here to talk about that ticker. The $GOOGL is setup on all timeframes and is just about ready to bust a load.

Let’s start with the Monthly 10yr chart, which displays a nice bullish flag/pennant pattern:

Screen Shot 2015-06-03 at 9.49.16 AM__

The daily chart shows all of the moving averages converging underneath price, long time readers know how I feel about this particular pattern. In my years of trading it is the closest thing I have found to the holy grail. The Slow Stochastic is also crossing giving us the buy signal:

Screen Shot 2015-06-03 at 9.53.11 AM___

And, if we dial it down to the 30 minute timeframe you can see that this time is now to break free from this range:

Screen Shot 2015-06-03 at 9.54.13 AM

 

 

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6 comments

  1. jimmy_two_times
    jimmy_two_times

    I was hoping for a refernce to the old Tubes song, She’s a Beauty

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  2. Carolina

    buy point(s) for the goog?

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  3. RaginCajun

    Thanks for the assist @raul.

    @caroline, I like it right here

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  4. bankindamonkey
    bankindamonkey

    RC, any thoughts on MBLY here?

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  5. RaginCajun

    I bought MBLY this morning

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