Trendline Break
Google stock has made a trendline break to the upside.
See for yourself:
What is encouraging for the bulls is that the trendline break day (yesterday) and today have higher than normal volume associated with them. This tips the odds in favor of a valid trendline break.
This formation is a pennant. Prices coiling up like they have often give way to great price volatility.
For those with a long position in the stock, this can be viewed as a positive development.
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