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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🔥 level up your Stock, FX, & Crypto: VIP access to AI technical analysis and pro market insights at TradeOS + 50%-off promo code ONBOARD 👉
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ai.tradeos.xyz/?utm_source=tvbg
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.