ALPHABET: GOOG Alphabet has two habits: it makes significant double tops quite often (3 times in this 2 year bull run so far) and when it creates a gap at earnings season it usually comes back to fill that same gap around 4-5 months later - and when does this it tends to do it twice, creating double bottoms as well as double tops. This is the one stock amonst the FAANGs that displays this kind of repeat behaviour so clearly, with one glaring exception, shown at the blue arrow. The biggest correction in the run is 15% in early 2016. Taking 15% off the highs = 1000. And 20% is 940, which coincides with fixed support at 942 and the lower supporting parallel. Perhaps in a panic it may spike this low but looking at past behaviour it should find support again at 987 by the close if it does fall this far first. Major suppoort exists at 904-900. It will take a close below here to derail this train.
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Alphabet: Goog Google aptly re-named itself, becoming the world's biggest Alpha Bet in the process. So goes Google, so go world markets. It was expected to double bottom at 987 line but in the event the low at 982. If you went fishing down there it's now just approaching key resistance at the 1024 line. Close out here and only get long again once 1025 is broken above with stops 6 lower. This is the most vulnerable point here and it cn come off again until it can break and hold above 1025 - and then it has to break above the upper dynamic to start attracting more buyers still from there