- Key Resistance Levels: $175.58, $183.04, $192.81
- Key Support Levels: $168.66, $160.51, $151.55
Bull Case
- Channel Support Holding: The stock is currently testing the lower trendline of a rising channel, a potential reversal point.The stock has historical demand near $168, which could act as a base for a rebound.
- If GOOG holds above $168.66, a bounce toward $175.58 and $183.04 is possible.
Bear Case
- The stock is trading below key moving averages, showing bearish momentum.
- GOOG has failed to break recent highs and is forming a descending pattern, suggesting continued weakness.
- Break of $168.66 Could Accelerate Decline: If the stock closes below $168.66, it may drop toward $160.51, with further downside to $151.55.
Which Side is GOOG Leaning Toward?
- Short-Term: Slightly Bearish – The price action suggests downward momentum, but a potential bounce is possible.
- Medium-Term: Bearish – Lower highs and weak momentum indicate further downside risk.
- Long-Term: Bullish – The stock remains within a rising channel, but it needs to hold support at $168-$160.
Trading Strategy
- Bulls: Look for a bounce near $168.66 with a stop loss at $164.38, targeting $175–$183.
- Bears: Short on breakdown below $168 with a target of $160–$151.
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.
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.