Google -> Ready For The Rally

13 באפר׳ 2023

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.

On the daily timeframe you can see that Google stock is retesting previous daily resistance at the 108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/GOOG/t1WQEYad-Google-The-Stock-Is-Back/