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Back on April 25, I had posted the below analysis of Alphabet (GOOG). Price had been moving in a channel since its genesis and that it wasn't likely for that to change in the short term. The MACD was also approaching oversold conditions. The projection was that price would turn up as shown by the blue arrow.
Since then, price has climbed 8.5% and for equities, that is a huge gain in such a short time frame of just over a month. I've also added the Elliott Waves. The blue wave 5 could be in progress and the purple waves are its subwaves. This means that higher highs are likely.
The MACD is curling up and soon a buy signal should be triggered (blue circle) and rise to support the impulse subwaves of blue 5.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?