GOOGLE Looking for continuation correction to buy Long

Alphabet Inc.NASDAQ

Description

⋅ Aug 23, 2020 9:20 PM

Hi everyone:

Eyeing GOOGLE for the buy opportunities.

Overall on the higher time frame, we see price had already rebound back from the Covid drop, and had strong bullish impulse up.

Latest price action shows a lower time frame push up, and formed this flag like continuation structure, great indication for more upside momentum.

We see price managed to break out, so now all I am waiting for is the right continuation correction to develop on the lower time frame for the buy.

Thank you

Comments

InkyGrip

⋅ Aug 25, 2020 9:22 PM

amazing work 🦐

Alexander_Harford

⋅ Aug 24, 2020 7:23 PM

great analysis!

Brain_haddin

⋅ Aug 24, 2020 5:21 PM

Good work

jojofang0901

⋅ Aug 24, 2020 6:00 PM

@Brain_haddin, thank you :)

Invouni

⋅ Aug 24, 2020 5:21 PM

what about weekly channel resistance?

jojofang0901

⋅ Aug 24, 2020 6:05 PM

@Invouni1986, Hello, IMO personally I dont see that being a channel structure. I would look for more parallel or at least somewhat in a trend range to put it into that perspective. :) thank you