Black line- neckline resistance
GOOG share price is trading around $104.47. Price has formed a cup with handle pattern suggesting that a break above the neckline resistance of $107, would provide a bullish signal. So far price has tested the resistance level twice. Short-term support is the recent low of the 'handle' around $100. Bulls do not want to see price break below $100. A break below this level would cancel the bullish pattern.
