The_Cannalyst

Enough sideways? Next Breakout ahead?

Long
The_Cannalyst Updated   
NASDAQ:GOOG   Alphabet Inc (Google) Class C
25
Trading above the last valid "2" @ 790$ could initiate a Little Explosion up to a possible "2?" 880$ . SL could be 752$, the last "3"

Former views:

Consolidation before the Big BO? Next station 880$?

GOOG reached all TPs of my former view
If you now have a look at the RSI , you can see, that Google 1.40% is temorarily overbought - that means that a consolidation at the recent Niveau should be exspected.(orange arrows) Trrading above the resistance Cluster between 770-790$ could initiate a BIG longsignal -tp 880!
Breaking through the szpportzone @ 733$ seems to be bearish .

790$ reachable?
Double Bottom @ 660 + EMA 200 cross @ 695 + Triggered neckline of the Mini-inverse H&S @ 700 = LONG!
On the way up are several resistances: 706 (shortterm downtrendline) 740 (last high) /770/790 (Cluster of former highs)
Trading above 790 will generate a BIG LONGTERM BUYING SIGNAL
Only Prices below 660$ are bearish
Trade active:
now or never ;-9
Comment:
here we go!
Comment:
hmmmm....
Comment:
next upwave ahead?
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