At present, they are trying to go up.
It may result in a stock kiss if the markets are not strong enough to cross the 50 days moving average.
At present, it is safer not to buy any stocks. Rather, it is time to look at new shorts and check if stock kisses take place on the short side.
Have a look at Google. It has again made a stock kiss for shorting. This is the second stock kiss it made after crossing below the 50 days moving average.
If you want, you can go short on Google, but place the stop loss buy order to cover slightly above the 50 days moving average, in case the market and Google jump up suddenly.
If you decide to short Google, please ensure that your maximum risk on this trade is just 2 percent of your capital.
