Google-> Breakout

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.

On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset: