Annual Forecast for Alphabet Inc. (2022)

Share On Facebook
share on Linkedin
Print

Alphabet Inc. market (NASDAQ:GOOG) has been experiencing a bearish correction since December 2021, until now. It is expected that the downward trend will continue, especially in case the condition mentioned below is fulfilled.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart.

The EMAs 10, 20 and 50 have already started sloping downwards, and the only defence for bulls is the EMA 200. Once price crosses the EMA 200 to the downside, then price would be expected to drop further. Otherwise, a bounce would occur from here.

Actually, GOOG has the probability of testing the demand zones at 2700.00, 2600.00 and 2500.00 this year.

Teach Yourself Technical Analysis: Teach yourself technicals

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220516 17:39:58