On the most recent move down this month, GOOGL 0.00%↑ stopped on a dime before entering the unfilled gap below. Currently wedged between its 50 and 200 day moving averages, I’m inclined to let the resolution dictate the direction of the trade. Break above the 50 day, and I want to be long with a target of the unfilled gap above. Break below, and I want to be short into the gap below.
