GOOGL’s daily chart remains firmly bullish, with price riding above the 20, 60, and 120-day moving averages and printing a clean sequence of higher highs and higher lows. After a strong leg up into the $292.50 area, price has slipped into a tight bullish pennant, consolidating near the top of the range while the last candle shows renewed buying interest. The demand zone around $275.50, aligned with the 20-day MA, is the key short-term floor to watch.
The primary path favors continuation. A daily close above $295 would confirm a breakout from the pennant and the $292.50 resistance, opening the door toward $305 initially and potentially $315 as price enters fresh discovery territory. If instead GOOGL breaks below $284, that would signal short-term pattern failure and invite a deeper test of support near $275.50, with risk of extension into the 270s. For the bullish view, a decisive daily close below the $275.50–273 zone would be a clear invalidation and shift the narrative toward a broader correction rather than trend continuation.
Thought of the Day 💡: Strong trends reward patience, but clear levels help you tell the difference between “normal noise” and a real regime change.
This is a study, not financial advice. Manage risk and invalidations.
-------------------------
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If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!
The primary path favors continuation. A daily close above $295 would confirm a breakout from the pennant and the $292.50 resistance, opening the door toward $305 initially and potentially $315 as price enters fresh discovery territory. If instead GOOGL breaks below $284, that would signal short-term pattern failure and invite a deeper test of support near $275.50, with risk of extension into the 270s. For the bullish view, a decisive daily close below the $275.50–273 zone would be a clear invalidation and shift the narrative toward a broader correction rather than trend continuation.
Thought of the Day 💡: Strong trends reward patience, but clear levels help you tell the difference between “normal noise” and a real regime change.
This is a study, not financial advice. Manage risk and invalidations.
-------------------------
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!
follow my X 👉 x.com/bbqgio
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.