Apple $AAPL presented a foldable phone, but Google $GOOG is now much more interesting in my opinion. The stock has reached its 50-day moving average.
This doesn't happen that often, and it's one of the few, not just top tech stocks, that have sold off so nicely from the peak. Even today, you can find an interesting deal in the market, even among the most well-known stocks.
Not only would I not be afraid to buy if Google weren't already my largest portfolio position, because I think the company is truly great, but it's also a great zone for entering an options trade.
Of course, there are at least 2 basic options. Entering now, without a confirmed reversal or any indication, is riskier. The second option is to wait for confirmation of a bounce, which may reduce some potential profit because the reversal can be very sharp.
Which option would you choose?
