Hello Community,

welcome to my new analysis of GOOG from a 4-hour timeframe perspective. In the past times I have detected interesting stock setups that have the potential to convert into profitable trading opportunities along the line. One of them is GOOG, the stock recently formed an interesting formation that has the potential for a massive breakout to the upside.

When looking at my chart, we can see how GOOG is forming this prolonged uptrend in which it already bounced several times within the ascending trendline. Now, as GOOG holds above the 300-EMA in green and the 200-EMA in grey, it continues to develop this massive broadening wedge formation. GOOG already completed the pivotal wave count and now sets up a breakthrough above the upper boundary.

Once GOOG manages to break out above the upper boundary of the broadening wedge formation, this is going to complete the formation and activate the upper target zones. With the current momentum holding on, this could happen very soon in the next few times. Additional bounces off the 300-EMA in green and 200-EMA in grey will confirm the dynamic and accelerate the bullishness.

In this manner, thank you a lot for watching!
The support is highly appreciated.

VP