Google: Struggling

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Google: StrugglingAlphabet Inc. Class ANASDAQ:GOOGLHKCM_GlobalGoogle has recently struggled to gain the expected upward momentum. Persistent downward pressure has thwarted the last two attempts to rally, even resulting in a new local low. Our primary scenario places GOOGL in the final stages of a long-term uptrend, which we expect to peak within the red Target Zone ($436.29–$507.75). Afterward, we anticipate a new downward impulse, likely triggering a series of stepwise sell-offs toward support at $272. Alternatively, it’s possible the stock has already set its cycle high below the red Target Zone. This scenario would be confirmed by a break below support at $272 (probability: 30%).