I am no longer in Alphabet $GOOGL. I exited all my position when price came up to $1200. I was anticipating another pullback. Instead price surged for another month to almost $1300 before finally pulling back. I wouldn't mind re-entering now around $1120-$1130, but if I can make some adjustments to my allocations, I would want to also free up some dry powder for a buy-entry at $1000. GOOGL Daily Chart (click to enlarge) Support:- As we can see on the daily chart, there was a strong bullish reaction last week when price tagged $1120. - This bullish engulfing candle could mean that the market is now anchoring above $1120.- However, note that this is the middle of a range GOOGL has established.- It COULD become support if the market is bullish.- But if the current trade-war risk aversion turns into a panic, we can see even a name like GOOGL slide back towards those 2018 lows, which is right around $1000.- But I don't think price will fall below this area. - If price does break down $1000, it would complete a double top. - The next support at $920 is very important as well because this would be coincident with a rising support seen on the weekly chart. - The 200-week SMA is also around $950. A pullback to $920 therefore would still be within the context of a long-term bullish trend even if there is a double top.GOOGL Weekly Chart (click to enlarge)