Google -> Finally The Bottom

26 Nis 2023

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

On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the 1104 level.
You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels.

On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily 107 resistance before I then do expect 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:
https://www.tradingview.com/chart/GOOG/YWSUKnrz-Google-Ready-For-The-Rally/