GOOGLE $GOOG Cup and Handle Formation
Updated
Keep and eye on this one, specially in the AI play, they do have one if not the biggest data of all time, a Cup and handle formation is forming here.
As a stock forming this pattern tests old highs, then some price consolidation before advancing higher ( check
MSFT on the weekly time frame very very similar)
GOOG this week found support at the 200 SMA ( or 40W MA )
**This is not a financial advice, it's intent for information purposes only. Do you own search.
As a stock forming this pattern tests old highs, then some price consolidation before advancing higher ( check
MSFT on the weekly time frame very very similar) GOOG this week found support at the 200 SMA ( or 40W MA ) **This is not a financial advice, it's intent for information purposes only. Do you own search.
Trade active
GOOG started moving really nice this morning, I'll be watching the 21EMA ($139.70) a key level this week, also all monthly option contracts expiring Friday can add some pressure.Trade active
Still moving as expected, now the big resistance at $150 is going to be the challenge.Here I would expect
GOOG to have a couple of fake break outs and hold support at the 50SMA ($143-$145).Trade active
Lets see if the break out can hold!
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