Do you think technical analysis is taking precedent over real world issues right now? Not saying your chart is wrong but I would appreciate some insight into your reasoning
danigarciarey
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@jcons212, Real world issues usual have little to nothing to do with tech companies. After the bankruptcy of the silicon valley bank the techs barely moved downwards when everyone was expecting them to crash. Also, Alphabet is not a search engine anymore. AI, Big Data, machine learning and other services are what define the pillars of the company. If we ended up in a global conflict, I think it's pretty clear that this would highly benefit companies like Alphabet. Remember data is key.
So yes, my analysis is not only tech but also fundamentals. Whoever neglects any of them two, either lack experience or likes loosing money.
But thanks for the insight anyways. Have a lovely day.
Do you think technical analysis is taking precedent over real world issues right now?
Not saying your chart is wrong but I would appreciate some insight into your reasoning