Alphabet Class C Stock Code GOOG.NAS
Outlook
Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and base lines had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is bearish and is hinting at a bearish price trend. We think price is likely to move lower to the previous support at $83.64 in the next 2-3 weeks.
Strategy
$89.85 Sell
$83.65 Price Target
$92.35 Risk Management Stop
3 weeks Trade Duration
