GOOGL - weak bounce = bears still in control.A weak bullish bounce so far - this makes a further drop towards the base area @ 700.00USD more likely.
Alphabet
Triple top pattern with broken line that is about to be tested Alphabet will have its earnings this week.
$GOOG chart has formed a bearish setup that can be used if you think $GOOG is heading down after earnings.
1. triple top
2. Daily resistance zone
3. Broken uptrend line about to be tested (resistance now)
4. 78.6, 88.6 Fibs are considered reversal levels.
Considering the low volume rally and the strong resistance, it is an interesting bearish setup however earnings can boost this stock above 800$ so be careful if you choose to trade it.
Tomer Jakov, The MarkeZone (@themarketzone on Twitter)
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GOOG Alphabet looking to move higherNice head and shoulders.
Staying above 728, we target 783.
Tech stocks looking goog no.
