stephen.punwasi
Short

GOOG Management Shakeup Will Send It Lower

NASDAQ:GOOG   Alphabet Inc (Google) Class C
Undeniable that Google             is one of the greatest companies out there, but the expanding multiple is being questioned, especially after the major shakeup in management. While I think any entry point would be great long term on this stock, the next few weeks will see this lower.

PRICE - $508 is the previous short term support, and I think with little to no new news planned from the company over the next couple of months, this moves towards that level. If it bounces off of it, I would watch the $560 level to see if the Oct. 31 resistance still holds.

ACCUMULATION - The past few weeks have seen this a lot of distribution. Most likely a number of active money managers are chasing returns at companies with higher risk and higher potential returns.

MACD - The MACD clearly looks exhausted and the cross down look like it's going to grind lower rather then have a sharp drop. This further supports the pricing action.
whole heartedly agree - time will tell !
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out