CLICK ON CHART TO ENLARGE
Google (Alphabet) is now making its third attempt to break above 7-year rising channel resistance line.
At the same time it is facing a Fibonacci 161% extension level based upon its 2014 highs and 2015 lows.
This is now the third time Google has made an attempt to break above this key price zone. Will the third time be a charm?
Would be very bullish for Google should enough buyers come forward to create a breakout.
Google bulls do not want it to become heavy at this price point.
If it would, a case could be made that a triple top is in play.