
Fadeaway Jumper Over the Competition
Alright folks MJ here. You know I always liked to see who steps up when the pressure's on. While some of these tech stocks are fumbling like Kwame Brown in the playoffs Alphabet or GOOGL if you're nasty is starting to look like it’s ready to take flight. They're making moves decisive ones like me in '98 against the Jazz. This ain't luck; it’s about reading the game and executing.
The April Low: A Championship Caliber Foundation
Remember '93? Stepping away facing the doubters? GOOGL had its own version of that in April. Hit an oversold condition but bounced back like I did after a stint in baseball. They found support the kind that holds you up when everyone thinks you're down for the count. Bottom line: They showed heart and you can't teach that.
Higher Highs Higher Lows: Building the Dynasty
In this game like in basketball you gotta stack wins. GOOGL's been putting together a pattern of higher highs and higher lows. That's momentum baby! It's like building a dynasty one game at a time. The 50 day moving average? They blew past it like Scottie Pippen on a fast break. Now they're back above the 200 day that's money!
The 200 Day: Defending the Paint!
Holding that 200 day moving average is like defending the paint. You gotta be strong you gotta be consistent. How do we know they'll hold? Volume baby! The On Balance Volume is trending up Chaikin Money Flow above zero – that's like seeing Horace Grant with the goggles on; you know they mean business. More buyers coming in? That's the kinda support I need to see.
Inverted Head and Shoulders: A Classic Formation
This GOOGL chart? It's showing a classic inverted head and shoulders pattern. I like to call it the 'Air Jordan' of chart formations. We're talking about an upside target near the all time high from early 2025. I'm telling you; it's like seeing the Bulls down by one with seconds left on the clock. You know what's coming.
The $197 Target: Taking Flight
With the equity benchmarks stalling like they’re facing the Bad Boys Pistons GOOGL is breaking out above a key resistance level. The potential upside? Around $197. Momentum and volume are on their side. I'm telling you the sky's the limit. And you know what I always say: 'Sometimes things may not be good but maybe that's what it takes to get you to something great.' Keep an eye on this one.
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