ALPHABET INC., Google's parent company, is no exception to what is coming to conventional markets. There are many very strong signals pointing towards a crash... and this crash is already on its way. GOOGL has already dropped by over 18% since hitting a All Time High on the July 2018... More red is on its way. Let's take a look at the signals for learning and...
Massive head and shoulders visible on the weekly and daily chart, targets and approximate dates on the chart.
Currently showing a reversal structure with good accumulation and bullish divergence, here are some short term targets.
DAILY CHART: (LEFT CHART): Currently shows a daily bullish divergence It will do a short-term pull-back to the $1150 zone (important resistance and top of the downtrend channel) But it will be reject it, next target will be $991/$1000 by November. Monthly chart: (RIGHT CHART): Is negative, it has a Bearish divergence confirmed and shows a spinning top reversal...
Entered a long position here on Google Alphabet Inc based on green high/close candle and oversold signals.