GOOGL - bears taking control

28 Şub

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:

2 Nis

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150$ take profit level has been reached. We may see some temporary bounces but still expecting $133ish to be hit.