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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.