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basictradingtv
Mar 19, 2023 6:39 PM

Google -> The Stock Is Back Long

Alphabet Inc.NASDAQ

Description

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

On the weekly timeframe you can see that Google stock has been trading in a range for quite some time now, you can also see that the upper resistance of this trading range is exactly at $105.
You can also see that we are currently again retesting this resistance area, from a weekly perspective the market seems definitely ready for a breakout so I think that this time Google stock will actually break above this key resistance area.

On the daily timeframe I am now just waiting for a breakout above this resistance area and if we then get a retest and bullish confirmation, it is quite likely that from there we will then see 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:
Comments
Gold-Tech
Thank you, it looks good. I think you are right
basictradingtv
@Gold-Tech, appreciate the support as always ;)
BKTradingAcademy
Excellent trade plan! I agree with you.
basictradingtv
@BKTradingAcademy, awesome, thanks!
rherricks
Its been on my radar this week traded a couple of times. Looking for a pullback to $95-96 area to carry on uptrend if the market perfoms
BKTradingAcademy
@rherricks Great idea!
basictradingtv
@BKTradingAcademy, absolutely!
basictradingtv
@rherricks, awesome, me too ;)
Kib76
Not moving much so far
basictradingtv
@Kib76, Yeah, let's see!
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