GOOGLE (GOOGL) Breaks Out? Bullish Surge on 15m Timeframe

١٤ أكتوبر

Google (GOOGL) has shown a bullish breakout following the entry at 163.31, pushing through the first target (TP1) at 165.51 with significant momentum.

Key Levels


Entry: 163.31 – The entry point aligns with a breakout from a period of consolidation, supported by upward movement across key technical indicators.

Stop-Loss (SL): 161.52 – Positioned below recent support to minimize downside risk and protect against potential pullbacks.

• Take Profit 1 (TP1): 165.51 – Already achieved, confirming the initial bullish momentum.
  
• Take Profit 2 (TP2): 169.07 – Represents the next resistance level where profit-taking may occur as the uptrend continues.
  
• Take Profit 3 (TP3): 172.64 – Should the bullish momentum persist, this is the next key resistance level to watch.
  
• Take Profit 4 (TP4): 174.84 – The ultimate target, signaling a strong upward movement.
  
• Trend Analysis
  

GOOGL is well above the Risological dotted trendline and shorter-term moving averages, indicating a healthy uptrend.
The breakout suggests continued bullish momentum, with TP2 and TP3 likely in focus if the uptrend sustains.

The bullish momentum in GOOGL is evident, with the price moving swiftly past TP1. With solid support from moving averages and strong buying pressure, the next targets at 169.07 and 172.64 are in sight.