The ( GOOGL ) share has insert in a short lately. This resistance line is just on the top of the KUMO, which means that the GOOGL consolidates in long term. Both weekly and monthly diagram show a neutral behavior.
So the first think in mind is that $550 as you can see is a fair value in long term diagrams. is neutral to and too. The has an uptrend.
We have a Friday close at higher high (yellow circle) with a like a . The share has just got over the KUMO and is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is a cup with handle pattern over the 200. The fib from $515.36 to $574.46 shows a 1.618 projection at $610.98 first target.
So I think that the critical point is the breach of the $574.46. If the share get over it the will be here for a new uptrend.