GOOG in my opinion has formed a figure which looks closely to a Saucer Bottom, furthermore the price now is sitting right above the 20-day moving average, which is a signal of up-trend resuming.
Is Google preparing to re-test the previous high?
In the worst case scenario price would drop again to the trendline and form a double bottom.
Is Google preparing to re-test the previous high?
In the worst case scenario price would drop again to the trendline and form a double bottom.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.