Annual forecast for Google - Alphabet (2021)

PUBLISHED: Jan 30 2021 @ 01:40 | Comments (0) | More info about Azeez Mustapha

Alphabet Inc. stock (NASDAQ:GOOG) is currently experiencing a bearish correction, following a recent bullish journey. The bullish bias remains in place, unless price drops below the demand level at 1700.00.

In fact, 1700.00 is the target for sellers for this year. By then, the ADX period 14, which is currently around the level 20, should have reached the level 30. –DM, meaning a rise in the momentum, which is somewhat below +DM would have gone above it (“sell” signal).

The MACD default parameters, which now has its signal lines and histogram above the zero lines, would have had its signals line and histogram below the zero line. That would be a Bearish Confirmation Pattern in the chart – a bearish signal.

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