If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of GOOGL ALPHABET , I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in...
Overbought, all highs, hoping for it to drop and can see it hitting either golden 61s 78s Fibonacci lines and rebounding. (You should do your own studies)
📈 NASDAQ:GOOGL LONG H4 🛒BUY above = 1589.30 🎯Target1 = 1616.10 🎯Target2 = 1632.70 🛑Stop loss = 1545.50 🙈Recommended risk = (1%-2%) 📉 NASDAQ:GOOGL SHORT H4 🛒SELL BELOW = 1545.50 🎯Target1 = 1518.60 🎯Target2 = 1501.90 🛑Stop loss = 1589.30 🙈Recommended risk = (1%-2%)
after all inotice on the chart my probability the trend going up to test the resistance line
Google has been in uptrend since April but now price is coming strong supply zone. I will be bearish on this stock for next week with the target of 1140,but will wait to short at 1170-1180 levels.
Our preference: sales position below 1010.00 with targets at 991.00 & 981.00 in extension. Alternative scenario: in excess of 1010.00, aim for a continuation of the rise with 1020.00 & 1030.00 in line of sight. Comment: The RSI calls for a continuation of the decline.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron