GOOGL: Gap-Filling Strategy with Exciting 6% Upside Potential !

Güncellendi
Hi Realistic Traders, let's delve into the technical analysis of GOOGL

On January 31, 2024, Alphabet's stock exhibited a gap down in after-hours trading subsequent to the disclosure of lower-than-anticipated ad revenue. Following this, the stock stabilized its descent, finding support at both the bullish trendline and the EMA90 line, indicating a possible rebound in this zone.

Furthermore, a bullish hammer pattern emerged, accompanied by elevated trading volume. These technical indicators commonly suggest a potential upward movement, either to close the gap or reach the predefined target area.

It is essential to note that the analysis will no longer hold validity once the target/support area is reached.

Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOGL."

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İşlem aktif
yup, closed higher than the previous candlestick. We still have positive outlook on this one :D
Not
Valid Swing low, confirming the bullish hypothesis on Alphabet Stock
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Not
Retesting the bullish trendline again, Will it break the pattern or structure?
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