GOOGL – Potential Pennant Breakout Setup

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GOOGL – Potential Pennant Breakout SetupAlphabet Inc. Class ABATS:GOOGLhabostonIt appears that GOOGL has formed a complete Pennant pattern. Price may have already broken out. However, the current price is sitting at the confluence of multiple support/resistance levels, including both the MA50 and MA200, while volume has not yet shown sufficient strength for a clean breakout. There is also Gap 1 at $333.23 in this same price zone. Therefore, there is a high probability that GOOGL will pull back to fill the gap at $333.23 before continuing the uptrend. Entry is planned at the retest of the pennant support line. Stop-loss and Targets 1 & 2 are determined from the candlestick chart. Target 3 is measured from the flagpole. Today's closing price is $354.97 (09.21.2026). Entry: Retest of pennant support (around Gap 1 at $333.23) Stop-loss: $314.70 (-5.561%) Target 1: $384.23 (+15.305%) Target 2: $408.10 Target 3: $469.22 R/R: 2.75 Please note the stop-loss level carefully if you decide to enter this trade. IMO, amateur trader.