Peter Smith
⬤ Google (GOOGL) is riding a wave of bullish momentum as it approaches all-time highs, with technical analysis pointing to a $356 price target. The stock has completed a 5-wave impulse pattern from its December low, and the uptrend looks solid as long as key support levels stay intact.
⬤ The $356 mark stands as the next major resistance level that traders are watching closely. As long as Google holds above its December pivot point, the bulls remain in control. Any short-term pullbacks might actually be chances to buy rather than signs of trouble ahead.
⬤ The technical picture shows growing buyer interest as Google nears resistance, with the 5-wave structure hinting at more gains ahead. The next few trading days will tell us whether the stock can punch through $356 or if it needs to consolidate first before another push higher.
⬤ Google's technical setup looks promising, with strong buying pressure driving it toward the $356 target. If it breaks through this resistance and stays above recent lows, we could see a significant rally that takes the stock to fresh all-time highs.
Peter Smith
