Google Faces Key Resistance After a Two-Year Rally
$Alphabet(GOOGL)$ has been in a strong, clean bull cycle for almost two years and has been one of the standout “Magnificent 7” names.
Trend is still up on the higher timeframe, but we are now pressing into a major resistance area where I start to get more cautious, not more aggressive. ❌
I’m not shorting $GOOGL.
I don’t “want” it to go down.
I’m just reporting what I see: after a two‑year run, the monthly relative strength is starting to get pulled out of this move.
Monthly RSI is now trending below its simple moving average, which is usually a sign that a cycle is shifting from markup into redistribution rather than starting a fresh leg higher.
Nothing on the chart screams “short this now,” but I also don’t think this is a great place to be starting new positions.
You’re not getting a discount and the asymmetry is weak. It would not surprise me to see some capital rotate from GOOGL into other Magnificent 7 names while GOOGL consolidates or reprices back toward better levels.
I’m not taking trades purely off this view.
This is simply my objective outlook: longer‑term trend still intact, but risk / reward for new entries here is poor and the relative strength signals say “caution,” not “chase.”
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