Buy Google (GOOGL) Stock Now!!

This is the reason why I am buying Google stock (GOOGL) now.  I know the title says for you to buy Google stock but it’s really the reason why I am buying Google stock.  I can only tell you my reason and can’t tell you what to buy as I am just a truck driver who trades.  I should say a successful truck driver who trades, but that’s besides the point.  When trading, please use your own due diligence and listen to no one but the people who you deem to be qualified sources in making your financial decisions as I am barely qualified to even make my own decisions.  🙂

I got really excited going into the end of day watching Google trade on the last day of the week Thursday, July 2, 2020.  When looking at a weekly chart, Google was setting up for a powerful chart pattern called and Outside Day, or Outside Week.  In the case of Google stock, it would be an Outside Week.

That’s when the current open and close of the weekly bar  is larger than the complete range of the prior week.  This is a very powerful pattern.  It basically confirms much higher prices in the weeks to come.  That’s if the current bar is a bullish bar.  This pattern can be a bearish pattern as well.  If the current bar is a bearish bar then it’s implying that future stock prices will be negative or bearish.

So in this video, I share with you all of my trades, plus I go over the charts of Google and illustrate what the Outside week will look at.  Since the close of Google on Thursday, it wasn’t a perfect Outside Week.  Google fell a bit short.  Even though it closed a few dollars short to complete the pattern, I am still bullish in the stock.

So today I sold some put spreads and brought some call spreads.  I plan on holding them through the current earnings period.  Both of these trades are bullish trades and I will profit as long as Google prices head higher.  I will also profit with my sold put spread if Google stocks stays the same, goes a little lower, or goes higher.  That’s the beauty of selling put spreads on a stock.  You don’t have to be correct on the movement of the stock.  If the price were to stay right were it is today at expiration, I will be able to close out the spread for a one hundred percent max gain.

I am very excited about Google stock going into earnings and I do think it can drift a lot higher as long as the current market can hold up.

Please enjoy the video and let me know what you think of the chart and my trades in the comments.