GOOG: Chasing Price Action Here is Risky
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ : Chasing Price Action Here is Risky
Great fundamentals with overextended technicals. Google is returning to its Bollinger range with.
The bearish RSI divergence is playing out in the reversal picture. A 5% move is likely this week.
Which direction? It depends on the central weekly level posted last Friday🎃.
Stock chart for GOOG on daily timeframe showing candlestick price action with overlaid 10 MA in orange 20 MA in blue 50 MA in yellow upward trend lines in green and orange Bollinger bands in purple and green volume bars below in green and red support and resistance levels marked with arrows and numbers like 182.50 181.20 179.50 on the price axis and a lower panel with RSI indicator line in blue.
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