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Search and Advertising Giant Forms High Tight Bull Flag

by | May 8, 2023

Google (GOOGL) shares are forming a strong bull flag the past month and since the earnings report have sat right around monthly POC support and Monday popped above its monthly value high trigger of 106.64 and closed on higher. GOOGL can see a follow through break out move higher to 110 then 113 an upper VPOC target while a longer term trend move can see 116.75 tested if the market really gets going to new 2023 highs. GOOGL has a tight risk reward offered here with stops under 104 a nice level to watch.

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