It looks like Tech stocks in US are not out of the woods yet. Most charts I see are displaying a retracement pattern based on hitting the upper channel or bearish trend line.
In Alphabet case, there is a pending gap that has yet to be filled. If my predictions is right, that means the gap between 1960 to 2008 will be filled up first before we can see a rebound.
However, there seems to be some support at 2008 price level so if it revisit this level , I might buy a bit first and monitor before buying more.
In Alphabet case, there is a pending gap that has yet to be filled. If my predictions is right, that means the gap between 1960 to 2008 will be filled up first before we can see a rebound.
However, there seems to be some support at 2008 price level so if it revisit this level , I might buy a bit first and monitor before buying more.
Note
observe the multiple resistance at 2390 level.......
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.