timwest

GOOG vulnerable on weekly chart

NASDAQ:GOOG   Alphabet Inc (Google) Class C
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2
The chart is suggesting either this recent distribution from the $600 level back down to the $500 level is either stage 1 of a bigger decline to break under the last 52-weeks worth of trading OR I will consider this an accumulation level if prices don not begin to decline under the $480 level in the next 5 weeks. There is a good chance also that a weak, uninspiring rally towards the acceleration level around $560 could provide a much lower risk entry level, which of course, would provide a huge ratio of reward/risk since the target would remain at $470 to $430. I'd suggest staying "tuned" to this chart as it appears to be a nice diversification to other stocks.
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If you look to the recent chart there is no decline from September till now.My prognostic for the situation is on my First Chart Be Aware.
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went up...
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GOOG is following along the commented price path accordingly. Review the chart and comments again.
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