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Alphabet: You Can Lead a Stock to 'Water' But You Can't Make It Break Out

·1 min read
Alphabet: You Can Lead a Stock to 'Water' But You Can't Make It Break Out

In the daily bar chart of GOOGL, below, we can see that the shares have been testing the $120 area a number of times. The On-Balance-Volume (OBV) line has moved sideways in recent months and mirrors the price action. In the weekly Japanese candlestick chart of GOOGL, we can see an upper shadow above $120.