$GOOG has had a rather stellar year spurred on by good earnings and a boom in the AI space. The search giant is incrementally releasing it’s AI product called Bard and it’s share price, like lot of technology companies, has benefited.
Earlier in the day, we discussed some of the technical dynamics of the share price of $GOOG here. Some of the macro economic factors were also discussed in the previous article.
The monthly close on May has occurred and the implications are bullish, in the short term at least.
The close of May above $123.26 implies that price will likely test resistance next at $144.04. It is worth noting that some of the lower levels around $104 to $102 could act as support levels if visited before or after the rally commences.
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