GOOG broke over descending trendline resistance yesterday with +20% volume; not super-impressive but SPY vol was -10% and XLK vol was -25% so clearly GOOG was getting good rotation. TRS now ascending with bullish alignment.
Need to get FT today. This area was good support back in Jul '21 and retested multiple times Jan-Mar '22 before caving in Apr. We got a retest somewhat in Aug and we're coming off yet another. So I want to see GOOG take out the last SH at $126.70, 52WH at $129.55 then possible resistance around $131.
Earnings Jul 25
Need to get FT today. This area was good support back in Jul '21 and retested multiple times Jan-Mar '22 before caving in Apr. We got a retest somewhat in Aug and we're coming off yet another. So I want to see GOOG take out the last SH at $126.70, 52WH at $129.55 then possible resistance around $131.
Earnings Jul 25
Comment:
GOOG has failed to maintain momentum and we've seen relative weakness going into earnings. Off my radar until after Jul 25.