Confirming the buying Signal on alphabet Google
I would like to revisit my analysis on Alphabet (Google) stock that I posted nearly a month ago and confirm it for three reasons:
1) After the market tested the trendline, it returned strongly to its bullish trend with significant momentum.
2) We are observing an increase in volume following the test of the trendline, indicating that buyers are stepping in, and they are likely to push the market towards its resistance level of $151.
3) As we can see, the market is respecting the pitchfork levels, so there is no reason to sell. The market should continue its bullish trend until it reaches $151.
Thank you for reading, and I'll see you soon."
1) After the market tested the trendline, it returned strongly to its bullish trend with significant momentum.
2) We are observing an increase in volume following the test of the trendline, indicating that buyers are stepping in, and they are likely to push the market towards its resistance level of $151.
3) As we can see, the market is respecting the pitchfork levels, so there is no reason to sell. The market should continue its bullish trend until it reaches $151.
Thank you for reading, and I'll see you soon."