📉 GOOGL Technical Analysis: Bear Market Thesis
Alphabet (GOOGL) exhibits weakening momentum after peaking above $180, forming a distribution phase within a descending channel. The recent breach of crucial short-term uptrends signals a shift in market sentiment. A significant drop towards the critical long-term support at $110 is highly probable, representing a potential retest or breakdown point. Sustained selling pressure, combined with bearish RSI divergences not clearly visible in the current view, could lead to a decisive break below this $110 level. Such a breakdown would confirm a deeper corrective phase or the onset of a more pronounced bear market, invalidating prior bullish structures and targeting lower historical support zones.
Alphabet (GOOGL) exhibits weakening momentum after peaking above $180, forming a distribution phase within a descending channel. The recent breach of crucial short-term uptrends signals a shift in market sentiment. A significant drop towards the critical long-term support at $110 is highly probable, representing a potential retest or breakdown point. Sustained selling pressure, combined with bearish RSI divergences not clearly visible in the current view, could lead to a decisive break below this $110 level. Such a breakdown would confirm a deeper corrective phase or the onset of a more pronounced bear market, invalidating prior bullish structures and targeting lower historical support zones.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.