Google’s stock recently slipped to a fresh local low and showed an initial reaction to the upside from that level. Our primary scenario still assigns additional potential to the current smaller upward leg, as well as to the broader ongoing uptrend. We therefore anticipate step-by-step advances toward a new all-time high above the resistance at $348.75. In our alternative scenario, however, GOOGL may have already completed the uptrend and entered a broader bearish phase. In that case, further selling pressure would emerge, with declines extending below the support at $269.91. The probability of this scenario stands at 37%.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.