GOOG Digesting Gains - Market Analysis for Sep 13th, 2023

Mike Paulenoff By

GOOG has my attention this AM because it looks like it on the verge of resolving its near term technical setup...

GOOG peaked at 138.99 on 9/01/23 and for the last 10 days has carved out a high level bullish digestion pattern above 134. As long as 134.00 contains any forthcoming weakness, GOOG will continue to digest its July-Sep gains (115.83 to 138.99) ahead of an upside thrust that projects above 140 into the 144-147 target zone. 

Should a bout of weakness press GOOG beneath 133.95-134.00, then GOOG will be vulnerable to a deeper pullback off of 138.99 that points to 132-130, from where I will be expecting an upside pivot reversal into a new upleg toward 144-147... Last is 135.02

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