GOOGL Bullish Breakout: Pennant SetupAlphabet Inc.BATS:GOOGbbqgioGOOGL’s daily chart remains firmly bullish, with price riding above the 20, 60, and 120-day moving averages and printing a clean sequence of higher highs and higher lows. After a strong leg up into the $292.50 area, price has slipped into a tight bullish pennant, consolidating near the top of the range while the last candle shows renewed buying interest. The demand zone around $275.50, aligned with the 20-day MA, is the key short-term floor to watch. The primary path favors continuation. A daily close above $295 would confirm a breakout from the pennant and the $292.50 resistance, opening the door toward $305 initially and potentially $315 as price enters fresh discovery territory. If instead GOOGL breaks below $284, that would signal short-term pattern failure and invite a deeper test of support near $275.50, with risk of extension into the 270s. For the bullish view, a decisive daily close below the $275.50–273 zone would be a clear invalidation and shift the narrative toward a broader correction rather than trend continuation. Thought of the Day 💡: Strong trends reward patience, but clear levels help you tell the difference between “normal noise” and a real regime change. This is a study, not financial advice. Manage risk and invalidations. ------------------------- Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!