If you haven`t sold GOOG at the top, when Ark Invest did:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of GOOG is at 22.42.
Even though i am overall bearish on the economy, buying a strong...
Tuesday 27 September 2022
09:00 AM (WIB)
The bearish season has been performed excellence several months before and created descending downtrend structures.
That seems will be over and stop at the Support Area at around $82.
Now, the price still moving in the falling wedge structure with possible to fall down.
On October 20, ARKQ, part of the Ark invest fund lead be Cathie Wood sold 1,858 shares of GOOG, for a total value of 0.2031 of its portfolio.
Most of the time, when Ark starts a sell, it tends to continue it for multiple days.
Was this the top for Alphabet?
My price target is the 2700usd support.
I`m looking forward to read your opinion about it.
Tuesday, 4 October 2022
22:22 PM (WIB)
As Sergey and I wrote in the original founders' letter 11 years ago, “Google is not a conventional company. We do not intend to become one.” As part of that, we also said that you could expect us to make “smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.”...
One zigzag complete, X Wave complete. We are willing to be that a second zigzag in this generally corrective setup has started. Current price level very close to confirmation.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red....
When looking at GOOG current underlying value and most recent price behaviour using a 2-hour range, investors can see inside bar formations. Underlying price movements of AAPL witnessed a loss of its initial gains in this instance, the inside bar formation suggest bareish continuation of momentum since most recent EMA dead cross.
Lateralized underlying price...
IMO GOOG started dropping and formed a bearish flag. Flag was broken downwards, but instead it started moving upwards. If bear flag pattern have truly applied, then it should have started dropping at this point towards 84 to 83 level. But it didn't. So IMO flag was already broken and it transition to Megaphone pattern. And this would make sense with strong down...