GOOGL POTENTIAL UPSIDE ???

Alphabet -Class A (GOOGL) formed an EMA10-EMA20 golden cross in the daily time frame. In addition, its daily MACD is still showing a golden cross and prices formed an indecision candle (doji) after previous 2 days of sell off. These indicators and price action may suggest GOOGL could retest it’s all time high of $3,030. A break above this level, could extend the rally towards $3,364. This level is the 1.618 Fibonacci Extension derived from $2,940 to $3,030. Keep in mind, a break below $2,758 support may create sell offs with support seen at $2,490. Note: Alphabet’s Class C is trading with the ticker symbol at GOOG.