Weekly chart in logarithmic scale.
Friend indicator Julien_Eche
1. Overall Trend:
- The chart shows a long-term bullish trend for Google's (GOOGL) stock. The share price has seen steady progression from 2009 to 2024.
2. Trading Channel:
- A well-defined trading channel can be identified, with parallel trendlines that establish the range of fluctuations in the long run.
- The price moves within this channel, with regular bounces off the support and resistance lines.
3. Consolidation Phases:
- Some consolidation phases are observed, where the price has seen lateral movements, such as in 2011-2012 and 2018-2019, before resuming the uptrend.
4. Upside Potential:
- Currently, the price seems to be near the upper limit of the channel, suggesting limited upside potential in the short term.
- However, the trading channel implies the possibility of continued long-term bullish trend, if the price can decisively break above this current resistance level.
In summary, the chart displays a long-term bullish trend for Google's stock, with a well-established trading channel that frames the price fluctuations. This suggests further upside potential, provided the price can overcome the current resistance.
Make up your mind before placing an order.
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Friend indicator Julien_Eche
1. Overall Trend:
- The chart shows a long-term bullish trend for Google's (GOOGL) stock. The share price has seen steady progression from 2009 to 2024.
2. Trading Channel:
- A well-defined trading channel can be identified, with parallel trendlines that establish the range of fluctuations in the long run.
- The price moves within this channel, with regular bounces off the support and resistance lines.
3. Consolidation Phases:
- Some consolidation phases are observed, where the price has seen lateral movements, such as in 2011-2012 and 2018-2019, before resuming the uptrend.
4. Upside Potential:
- Currently, the price seems to be near the upper limit of the channel, suggesting limited upside potential in the short term.
- However, the trading channel implies the possibility of continued long-term bullish trend, if the price can decisively break above this current resistance level.
In summary, the chart displays a long-term bullish trend for Google's stock, with a well-established trading channel that frames the price fluctuations. This suggests further upside potential, provided the price can overcome the current resistance.
Make up your mind before placing an order.
► Please boost, comment, subscribe!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.