How to read chart?
- 5 min chart bar count 24, 25, 26, 27
- Pivot point - $281.86 / share
- Bar count 27 - downtrend momentum bar - height bigger than 23 - It should start a downtrend - Need to cut the loss
- Still has 4 bars to go before it goes down big amount - updraftwith supply box on 5 min chart
- The low price of bar count 27 is lower than bar count 23
- Stop loss - The way to survive Goog stock as an investor - Stop loss and avoid downtrend
- Bar count No 27 - went cross EMA 5 red color, EMA 9 (green color), EMA 21 ( yellow color)
- Usually Bar count No 27 crossed down EMA 9 - Stop loss right away - Do not waste time since it is the second downtrend bar
- Take some risk, apply the decision based on 5 min chart reading - Will benefit long term
- Usually GOOG stock will not consolidate more than 1.6% in a normal day range.





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