Thursday, February 2, 2017

Annual Forecast on Google (Alphabet Inc.) (2017)

Google shares (NASDAQ:GOOG) are in uptrend, and the current pullback is just another opportunity to buy long when price is on sale, and in the context of an uptrend.

Price has pulled back into the middle of the upper and lower Trendlines, and it is expected to go upwards from here. The RSI period 14 is temporarily below the level 50. Unless price breaches the lower Trendline to the downside (which would render the bullish expectation invalid), price would go up from here.

Google, Alphabet Inc., would go upwards this year, reaching the supply levels at 900, 1000, and 1100.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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