$GOOGL

A close below the ascending trend line signals significant multimonth downside for GOOGL, targeting ~272.

BearishHe framed it in months
“Oil Continues To Surge, Yields Nearing Major Breakout As Investors Start Dumping Stocks”
Verified InvestingPublished Sep 9 · 2 passages

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2 passages

So, first one, Google. Now, Google's intriguing. It's not so much a day trade here, but look at this ascending trend line. Now, the reason this is important is that if this ascending trend line finally breaks, this opens a trapoor of significant downside over the next multimonth period, potentially back down, I would say, to about the 272 level.

Right now, in the early trading pre-market, we are trading below the trend line. But what matters isn't where it opens. What matters is where it closes. So watch on gold here go, excuse me, on Google/Alphabet.

Does it close below this major trend line today? It is a long trend line going back to the lows from 2025. Hitting seven times now on this trend line. Remember, the more a trend line weaken or the more trend line hits, the more it weakens.

Watchpoints

daily closing price relative to the ascending trend line

What this channel has said about $GOOGL

Verified Investing has 2 calls on this stock; only the adjacent ones are shown.

2026-09-09
First up, guys, looking at Google. Now, as you may say, like Drew, you just said, these stocks move a lot. Well, Google can move a lot.
Quote at 00:34 ›
2026-09-09BearishThis one
So, first one, Google. Now, Google's intriguing. It's not so much a day trade here, but look at this ascending trend line. Now, the reason this is important is that if this ascending trend line finally breaks, this opens a trapoor of significant downside over the next multimonth period, potentially back down, I would say, to about the 272 level.
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KolSays