GOOGL May be seeing a new high after testing the psychological resistance at 200.00 multiple times. Furthermore, the stochastic shows overbought crossover but no strong correction is in place. in other words, the overbought signal is indicating strong buying interest rather than weakening expression. Also, price action signal higher lows within the range and as such, the positive buying is still strong. Volume remain healthy. Maintain a buy with Target at 220, based on positive long and mid-term momentum.
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