PullBack Setup
It’s another one of those Make Or Break situations for the stock.
GOOG has formed a pullback - in this case, a bullish pullback. The stock has made three consecutive lower highs. Yesterday’s price bar was a reversal bar to the upside - the stock made a lower low and closed greater than the open and greater than the previous close.
If trades occur higher than yesterday’s high but fails to follow through with conviction, then the lower price targets previously suggested come into play.
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