4xForecaster

All Targets Hit Dead-On; Reversal Potential | #GOOG $NASDAQ

NASDAQ:GOOG   ALPHABET INC
147 0 1
Friends,

On February 06th, we signaled a Bullish Reversal confirmation and forecast one additional high target, namely "TG-High = 1234.15 - 06 FEB 2014", atop a prior target defined in January as "TG-High = 1197.97 - 30 JAN 2014" - See that forecast and use the replay option here:
Update/New Target - Bullish reversal confirmation  #GOOG $NASDAQ
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If you look closely at the chart, a single flat candle occurred on 09 FEB (see red circled candle) hitting our February 06th forecast dead-on. Since then, price has rolled, and further consultation of our system remains neutral at this point with a bullish bias. For this reason, we have posted a potential but unconfirmed target at 1259.90, yet downgraded our directional bias from Long to Neutral.


OVERALL:

All bullish targets have been hit dead-on. Current consolidation maintains a bullish potential yet to be confirmed. I will offer that confirmation if and once the signal occurs.

Cheers,


David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & forecasting


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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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