$GOOGL down 11 of the last 14 weeks—only happened twice before in 22 years: 2011 and 2008.
In 2011, it chopped a bit more then ripped back hard, recapturing all losses.
In 2008, it literally marked THE bottom of the financial crisis before a violent V-shaped recovery.
Obviously past ≠ future, but when a mega-cap AI leader gets this beaten down, history says the next move is usually up—and fast. $GOOGL sitting at a rare technical extreme. Worth watching for a reversal setup.
In 2011, it chopped a bit more then ripped back hard, recapturing all losses.
In 2008, it literally marked THE bottom of the financial crisis before a violent V-shaped recovery.
Obviously past ≠ future, but when a mega-cap AI leader gets this beaten down, history says the next move is usually up—and fast. $GOOGL sitting at a rare technical extreme. Worth watching for a reversal setup.