Here's why I think GOOG will go a lot higher

Michael Esther
05-15

$SPDR S&P 500 ETF Trust(SPY)$ is 4% away from all time highs and $Tesla Motors(TSLA)$ is 40% away. Everyone thinks they missed the move.

But, this is just the beginning. Look at $Alphabet(GOOG)$ $Alphabet(GOOGL)$ chart. Its about to explode towards $193-$202 gap area.

Here's why I think it will go a lot higher

There are 2 areas of resistance that GOOG must cross here 1) 200SMA at $172 and 2) hard resistance at $170. Yes, they are very close to each other. This is a confluence of selling pressure.

But, study this chart closely. All gaps on GOOG chart always get filled. This chart will eventually breakout towards $200 and fill the gap from $193-$202. This is the next big add.

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I did add GOOG this morning. But, if you're patient add GOOG for a swing as it moves between $150-$160. These are pull backs to be added for the push towards $200.

For those who have small accounts choose $175-$180 strike for GOOG Sept 2025 calls. Becuase we know the 2nd half of 2025 will be extremely bullish.

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