GOOGL - bears taking control

62
hi traders,

GOOGL ready for more downside.
The monthly time frame is pretty straightforward here.
Huge bearish engulfing is almost confirmed.
STOCH RSI with a bearish cross.

It's a time to retest the 50 simple moving average.
Bears will drag the price towards 135$ where we should see some bounce.
Lower prices are coming.

Check out our SPX analysis:
SPX ready for the correction

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.