GOOG breaking consolidation for uptrend

GOOG "FANG" its way up!

Needless to discuss about the fundamental of the company.

- Prices have been supported by the previous high during September 2020 (classic pattern of resistant turning support)
- Meanwhile, the Lows of the price structure are clearly supported by the 50EMA.
- A strong reversal candle has been formed.

The current setup has cleared all of my checklists of MACD, Stochastic & Relative Strength.
I do believe that if prices are able to break the current consolidation, it will be a very bullish run

Trade geschlossen: Ziel wurde erreicht:

Happy Profits!