The movement of GOOGL towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
A Channel Up has formed, GOOGL is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
