Google stock is guaranteed to hit $400 as long as it keeps this support price, top on-chain analyst claims
Following up on the sign from the technical analysis (TA) indicator he shared for Google (NASDAQ: GOOGL) stock on May 26, the popular on-chain analyst on X, Ali Martinez, took to social media on Wednesday to share the next target for the technology equity. Specifically, the expert noted that, in accord with his previous assessment, GOOGL shares reached $392 on May 27, leading him to believe that his ultimate target provided by – $402 – remains at play. The final caveat on the path, as Martinez noted, is that Google stock needs to remain above the support zone at $383 for the forecast to remain valid. TD Sequential is a pattern-seeking TA tool developed by Tom DeMark in 1994. It was made to identify whether an exciting trend would continue or experience a reversal based on an assets past performance. Google stock price performance Looking at the performance of Google stock itself, there is a risk at press time on May 28 that Ali Martinezs target will be invalidated. Specifically, though the equity is 0.21% in the green in the weekly chart, it hit the $392 mark only briefly on Wednesday and has retraced to its latest closing price of $388.83 by the closing bell. Furthermore, GOOGL