In the bottom left corner of the weekly chart (left), “A” identifies the top resistance of a trend channel that holds the market from a lift starting in 2008. This resistance is broken in 2017 and the market lifts, forming channel “B” (“B” is sitting on the dashed middle line of the channel). In […]
GOOGL has been lifting within a channel since 2012; increased in velocity last year; and has most recently just broken out of the long term channel. IF this market continues to lift,we have the next target level around $985.00 (Fibonacci extension). Lifting above recent highs could be a technical trigger consideration. It would be normal […]
GOOGL has been in a sideways channel – seen on our charts as 2 blue s/r zones. Moving outside of the channel (up or down) offers opportunity for a move to the next significant technicals. Breaking over $797.00 or falling through $680.00 are the levels we are watching.
