Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, June 26, 2018
GOOGL Alphabet (Google) Monthly Chart; Overbot; Negative Divergence; Multi-Month and Multi-Year Top At Hand
The Alphabet (Google) monthly chart is similar to Apple and Facebook topping out with negative divergence. Price came up for a matching high but the indicators go neggie d indicating that price is out of upside fuel. The multi-month and likely multi-year top is in for Alphabet like Apple and Facebook. The upper standard deviation band was violated so the middle band, the 20-month MA, at 975, and rising, is on the table as a downside target as the weeks and months play out.This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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