GOOG breaking consolidation for uptrend
Updated
GOOG "FANG" its way up!Needless to discuss about the fundamental of the company.
- Prices have been supported by the previous high during September 2020 (classic pattern of resistant turning support)
- Meanwhile, the Lows of the price structure are clearly supported by the 50EMA.
- A strong reversal candle has been formed.
The current setup has cleared all of my checklists of MACD, Stochastic & Relative Strength.
I do believe that if prices are able to break the current consolidation, it will be a very bullish run
Trade closed: target reached
Happy Profits!
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