Damn..i was looking at google. But since Bathroom Attendant has called it out..I would say beyond a shadow of a doubt its a "false breakout" ..or a Bull Trap break out
Chat gpt says: Price doesn’t “respect” lines — it moves in cycles. You’ve been sold the illusion like a casino handing out “how to beat blackjack” guides. The fact that you still believe in support & resistance and use stops says it all. STOP TRADING. Put your money in a high-yield dividend fund or a GIC and spare yourself. This is you: "So all I have to do to get rich is buy the breakout... and put my stop just under the support line? Easy!"
If a TACO screeches in a desert does an illegal hear it? Golden Bibles, Golden Sneakers, Golden (Made in China) Phones, etc but no Golden DJT stonk. LOL
"Officially"? Haha You are looking at GOOGL right? Because that is the symbol for the A shares with voting rights and therefore more important between itself and GOOG. The way I see it the stock ummm officially broke above a minor swing high and has at least one more important one to clear:-
It was stuck between the 50 and 200 dma.. Broke above the 200 dma on very strong volume friday. I disagree with suntrader. Mine is a shorter term.