GOOGLE Ahead of a 1D Golden Cross
Alphabet Inc (GOOGL) is about to form a Golden Cross on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). This is a very bullish pattern, that can be enough to break above the Channel up pattern that the stock has been trading in since the November 03 2022 market bottom. In that case we will target Resistance 1 at 122.50.
If however we get a candle close below the 1D MA200, we will sell towards the bottom of the Channel Up and then buy for a 115.00 Higher High target.
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If however we get a candle close below the 1D MA200, we will sell towards the bottom of the Channel Up and then buy for a 115.00 Higher High target.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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