$GOOG is coiled up on the daily. Nearing gap fill into broadening formation resistance. Short on the gap fill.
Nice bow draw reversal back into wedge. Pos divergence and %R both say up. 200 MA just above, 8, 20 and 50 just below. We'll see.
Nice consolidation after earnings. Long term resistance, if broken expecting a strong run.
Seen these coil spring set ups before and like a compressed coil spring they tend to violently break out. You can aggressively set orders/stops to catch the breakout should it occur. Looking on the daily you can easily argue it's a wedge pattern and so with the trend would break to the upside.