Google: At historic highs

Google, Weekly

In the Weekly timeframe, #GOOGLE reached an all-time high and formed a rising wedge pattern. The price is consolidating near the upper trend line and testing DEMA. However, a divergence has formed on the MFI.

• A breakdown of the trend line above 195.00 will open the way for a rise to 220.0;

• A rebound from the trend line will drop the price to the lower trend line of 178.0;