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Trading Notebook: $RXRX $KMI $AMZN $GOOGL
By
Ryan Mallory
|
July 12, 2023
|
Categories:
Charts + Technical Analysis
|
Perfect example of why you shouldn’t FOMO into a trade at the open. Traders down more than 15% since the open. Risk/Reward can’t be managed.
$KMI
breaking out of a short-term ascending triangle but worth being mindful of declining resistance overhead and nearing $18.
Ascending triangle in AMZN that has yet to break out to the upside. Needs to get through resistance at $132 to get in the clear.
Heavy resistance overhead on
$GOOGL
. Broken trend-line, price level resistance and short-term declining trend-line.
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