Potential Bottom for Alphabet
Updated
On May 24, 2022, GOOGL made a bullish pin bar, a candlestick reversal pattern, and this could mark a potential bottom of this correction. The last time GOOGL had such pattern was at bottom of the COVID crash. This could signal to go long on the stock and start accumulate shares of GOOGL.
Note
On June 13, 2022, while the QQQ and the SPY made a lower low, GOOGL made a potential higher low. This is a sign of strength among the market leaders. This could be one of the first big tech stock to be taking off before the rest of the market out of this bear market.Note
As of June 25, 2022, Double bottom formation on GOOGL is established. This is an early sign of reversal. See if it can form a second higher low.Note
The bottom on May 24 still holds as off July 9 as it has formed a triple bottom. Highly likely that GOOGL is going to take off in the upcoming months. Don't miss the opportunity to accumulate shares.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.