Description
⋅ Google / GOOG hit today the 1day MA200 for the first time in 11 months (since March 30th 2023).
That makes it a strong technical buy opportunity, also taking into consideration that it did so near the bottom of the 14 month Channel Up.
This is so far a -14.50% decline from the Channel's top, which is the pull-back that the previous bearish wave did.
Buy and target $170.00, which would be a +28% rise, a common rally inside this Channel Up pattern.
Previous chart:
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