FX.co ★ Technical analysis on GOOG stock price for May 19th, 2023.

Black line -resistance

Blue lines- expected rise equal to height of cup

Red lines- bullish flag

In our previous analysis on GOOG stock price we talked about the short-term bullish flag formation price was exhibiting. Since then price has broken the bullish flag pattern upwards and price continues making higher highs. Short-term trend is clearly still bullish as price is approaching both the cup and handle and the bullish flag targets. Previous resistance is now support, so bulls do not want to see price break below $117. Upside expected target area remains at $127-$130 zone.