GOOGL is tightening in a bull-flag-style compression around its 200-day moving average; with less volume below a point of control near 340, buyers step in on dips under that average. Such a setup typically precedes a bull move on breakout, so he looks for longs and expects an upside breakout.
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I want to talk about Google and just looking at kind of the mag 7 because this is really driving our market. Google's trading around that point of control and we see exactly what's happening here.
We're getting into you'll people will say, "Oh, this is I'm just going to draw this here for a second. This is like a a potential bull flag setup." So, you see this this chart, this little line diagram.
This is a technical analysis type of thing where we have lower highs and then we have higher lows. And what is happening is we're getting a compression. And there's two visual things here that show me that we're going to have a a potentially big move in Google.
So one is this this price actioning action tightening. So it is tightening and it's tightening right around that 200 day moving average. The other thing is that we're we're seeing these volume profiles.
We're seeing that point of control around that 340 which is this white line. I don't draw that white line on here. that just appears based on the volume that I'm looking at. And you can see where the buying and selling has occurred.
So there's there's quite a bit of action. There's quite a bit of volume above, but there's less volume below. This means when we're seeing these higher lows and there's less volume below that, the buyers are stepping in here pretty heavily and they're buying when this dips under that 200 day moving average.
This setup typically to me shows that we're going to have a bull move when we break out. That is based on those two things. That bull put flag that I just showed you or bull. I think that's right.
I think that's what it's called. Bull bull penant flag, something like that. Uh or and then also this volume profile. So looking for a long long positions in Google. And my my guess is that it's going to break out to the upside.