Google - A major correction starts now!

18 Kas

🚽Google (GOOGL) is now creating a top:

🔎Analysis summary:

Over the course of the past couple of months, we witnessed a major rally on Google of about +100%. This rally was totally expected, following the underlying bullish rising channel. But with the current retest of the trendline, Google is heading for a major correction.

📝Levels to watch:

$300 and $200

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

26 Kas

İşlem aktif

🚽Google (GOOG) will reverse right now:

🔎Analysis summary:

Yes, as we are speaking, Alphabet is still clearly in a very bullish market. With this monthly candle of +13%, bulls are still totally in control. But soon, we will see weakness followed by a major rejection lower. The channel resistance is still totally valid.

📝Levels to watch:

$300 and $200

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

6 gün önce

İşlem kapandı: hedefe ulaştı

🚽Alphabet (GOOG) is slowly shifting bearish:

🔎Analysis summary:

Alpgabet is currently retesting major resistance. Therefore a decent move lower is totally expected. Just keep in mind that after a massive rally of about +120%, it takes time for a market to reverse. And first, we have to see beautiful bearish confirmation here.

📝Levels to watch:

$300 and $200

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION