📉 GOOGL Technical Analysis: Bear Market Thesis
Alphabet (GOOGL) exhibits weakening momentum after peaking above $180, forming a distribution phase within a descending channel. The recent breach of crucial short-term uptrends signals a shift in market sentiment. A significant drop towards the critical long-term support at $110 is highly probable, representing a potential retest or breakdown point. Sustained selling pressure, combined with bearish RSI divergences not clearly visible in the current view, could lead to a decisive break below this $110 level. Such a breakdown would confirm a deeper corrective phase or the onset of a more pronounced bear market, invalidating prior bullish structures and targeting lower historical support zones.
Alphabet (GOOGL) exhibits weakening momentum after peaking above $180, forming a distribution phase within a descending channel. The recent breach of crucial short-term uptrends signals a shift in market sentiment. A significant drop towards the critical long-term support at $110 is highly probable, representing a potential retest or breakdown point. Sustained selling pressure, combined with bearish RSI divergences not clearly visible in the current view, could lead to a decisive break below this $110 level. Such a breakdown would confirm a deeper corrective phase or the onset of a more pronounced bear market, invalidating prior bullish structures and targeting lower historical support zones.
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.