My follow up on $GOOG (1 April 2024-daily)
On 19 March 2024, I posted a daily tweet sharing why I thought GOOG was bottoming out, using my chart and TA. Luckily, GOOG resumed its bullish trend in the red ribbon (Panel 1).
Such a red ribbon (bullish trend) is further reinforced by a strong inflow of capital for more than 10 days in a row (Panel 2) and a sudden increase of whale accumulation to 52.489% (Panel 3). Both MACD (Panel 4) and RSI (Panel 5) lean bullish.
Most traditional technical analysis (TA) is sometimes not reliable and to improve the accuracy, we need to keep an eye on the 1. trend (red ribbon vs blue ribbon), 2. price candles (red vs yellow), 3. inflow and outflow of capital and above all, 4. whale accumulation and distribution.
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