Google (Alphabet) approaching Elliott waves target near $815
Alphabet is approaching its Elliott wave 5 target of $815. The stock is highly overbought, far away from its 52-week moving average and showing bearish divergence on its 21-week RSI.
Expecting a pullback over the following months towards $630 at minimum, max $520.
A weekly break above $850 would invalidate this view.
Expecting a pullback over the following months towards $630 at minimum, max $520.
A weekly break above $850 would invalidate this view.