Analyzing GOOGL's Path: Breakouts and Critical SupportAlphabet Inc.BATS:GOOGLManiMarkets• Strong Upward Trendline: The chart clearly displays an ascending trendline (light blue) from early April, indicating a robust bullish trend. The price has consistently found support at or near this line, reinforcing its significance as a key technical level. • Recent Breakout and Potential Retest: The price has recently broken above a notable resistance zone around the $181-$183 mark (highlighted in green). The dotted white lines suggest a potential retest of this newly formed support level before a continuation of the upward movement, a common pattern following a breakout. • Identified Price Targets Ahead: Two distinct target zones are identified above the current price: the $181 to $183 range as the "1st Target" (already reached/broken out of), and a higher "2nd Target" between $191 to $193. These represent areas where upward momentum might face resistance or profit-taking. • Critical Support Zone for Drop Scenarios: In the event of a price drop, the chart indicates a critical support zone from $171 to $173. This area aligns with the ascending trendline, making it a crucial level to watch for potential bounces if the price pulls back. • Confirmed Retested Support Below: Further down, the chart highlights a retested support zone between $161 and $163. The repeated testing and holding of this level affirm its strength as a reliable base for the price in the longer term. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.