Google: Rejected!

27 Kas

Once again, the attempt to sustainably overcome the resistance at $181.61 has failed. The GOOGL stock faced renewed selling pressure, causing the price to initially retreat to $163. Despite this pullback, we still expect the stock to break above this resistance in the near term, as we expect the high of the magenta wave (iii) beyond this level. However, please note our alternative scenario (33%), which places the price in the green wave alt.(4)