Google (GOOGL) stock returns to the top of its range

The exit from the range will be decisive for Alphabet shares

A breakout above would pave the way for a bullish reversal to at least $135, above the 200 session moving average, while a breakout below would pave the way for a continuation of the downtrend of the first semester.

Developments in bond rates and the global macroeconomic outlook will be decisive for the underlying trend of the action. The publication of US inflation figures on Wednesday will be one to watch, as a sharper than expected slowdown in inflation would reduce pressure on the Fed, and therefore on the bond market, which would support equity markets, in particular stocks. growth like Google. Conversely, higher-than-expected inflation would increase pressure on the Fed, which would put pressure on the equity market.

Admission: Purchase above $120

Stop: $115

Goal: $135

Risk/reward ratio: 3

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