Alphabet (GOOGL) Trade Idea: The stock has broken out from a large wedge pattern, signaling a strong trend continuation. Following earnings-related volatility, it is now stabilizing, setting up for potential upside. Given the technical strength and sustained momentum, this presents a compelling continuation play.
- AMZN is trading within a well-defined ascending channel, respecting both upper and lower trendlines.
- A recent breakout from a triangle consolidation pattern suggests potential continuation of the uptrend.
- The price is currently testing the breakout level while staying above key moving averages, reinforcing bullish sentiment.
- Moving averages (e.g., 50 EMA,...
Microsoft is showing potential for a bullish move, with volume contraction resembling the 'eye of a needle' pattern around key moving averages. The stock appears to be breaking out of a wedge formation, signaling the possibility of a move toward its previous high.
While the market may appear stretched in the short term, analyzing the broader trend since 2009 on a logarithmic scale suggests the potential for a bull run extending through the winter and continuing into 2025
