Google Nice buy, Super Oversold into Longer term Trend
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Google has experienced a large recent drawdown of over 30% from the peak in Q1 2024. The drop has failed to produce any real relief rallies, being a move straight down. The context then suggests that perhaps Google is due for some relief to the upside as it hits a major support trendline spanning from the start of the bull market.
I would like to see this stock start consolidating and building steam for what may be a potentially voilent rally once the smoke clears.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.