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The wick out candle on google could indicate the reversal of this pair, would be a nice short to consider
ALPHABET INC (GOOGLE) CLASS A We have a very nice and strong aftermarket that can be exploited and sold now even The first line of support is also very strong and liquid Find a great falling
GOOGL Will Decline Next days I Advais You To Sell The Target is 1533 USD
GOOGL Inc Will decline next week I Advais You To sell now The Target : 1515 .13 USD StoopLoss : 1662.02 USD
FIB Retracement at 1510 Price has hit a ceiling
Will return to decline slightly this week NOT Buy Now
I think it will exceed 1500usd in the coming days , I advais you to keep it in the portfolio
Google suffered the biggest one-day tumble in its history - some $70 Billion wiped out ! Alphabet announced about 2 hours ago that Eric Schmidt the CEO for the last 18 years, will resign from June 2019, and will not seek to be re-elected. This is not great for investor confidence in the short term. Schmidt's resignation won't cure Google's woes anytime soon....
In this screencast I look at GOOGLE which is Alphabet, Apple, Netflix, Nvidia. The picture of meltdown is serious. Google is at a key level of congestion which could break down. Overall the technology sector stocks which dominate Wall Street and other indices across the world could cause a domino effect.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
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As I have spoken about previously the single most important technical chart for the stock markets right now is GOOGL. The 9 year uptrend from 2009 lows is being tested repeatedly. A definitive close below 1000 and this is headed 10% LOWER imo.
Barometer for market direction is still GOOGL imo. 9 year uptrend from 2009 lows comes in around 1010-1020 depending on how you draw it and timeframes etc. A decisive close below 1000 has MAJOR implications for the whole market imo.
This is a better view of the 9 year uptrendline on GOOGL I mentioned earlier. If this breaks on a closing basis then minimum 10% downside to 920, more likely a lot lower.
Threatening a daily close (weekly would be ideal) below the 9 year uptrendline since 2009 lows.... this is the KEY for the whole market imo. If this line goes on a closing basis you will start to see heavy selling throughout the market. 10%-20% lower is possible.