Chart of the day

Where do we stand fundamentally?

GOOGL will publish it's results this week and recently they have announced to acquire cyber security cloud company Wizz. GOOGL has steady earnings and is building a substantial base for even better results which will extend this bullish cycle.

GOOGL is testing the 186 for a breakout higher and an extension in a third wave higher to 210. By the counts and the price action GOOGL has the biggest potential of all the Mega tech.

An invalidation level of a third wave extension higher is 150. We need to see a confirmed break higher above 186 for a the third wave extension to be confirmed and a target of to be reached and a third wave extension to be triggered.

_{Look for a long trade entry with a stop loss below 180 to target 210 at least. You can trade it with options as well.}