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Alphabet Inc., Technical Analysis

2/10/2023 10:05 AM

The shares of the American holding company Alphabet Inc. are moving within a corrective trend, around 95.00.

On the daily chart, an ascending channel with dynamic boundaries of 88.00–108.00 is forming, within which the price has reversed at the resistance line and is heading toward support.

On the 4-hour chart, it is clear that the downward movement has a high potential to reach the December low at 87.00.

Technical indicators are ready to reverse and give a sell signal: fast EMAs on the Alligator indicator are above the signal line but are actively narrowing the range of fluctuations, and the AO histogram is forming downward bars above the transition level.

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