Google (Alphabet
Inc.) shares are a rough market. There is nothing attractive about this market
at the present, and the situation may remain the same until demand and supply
really go out of balance.
(NASDAQ:GOOG)
has 4 EMAs placed on its chart, 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.
Recently,
all the EMAs were trending downwards… But things have changed. The EMAs 10, 20
and 50 and sloping upwards right now. Once the 3 EMAs cross the EMA 200 to the upside,
staying above it, there would be a confirmed “buy” signal, which may be valid
for the rest of this year.
Should
price fail to go above the EMA 200, this expectation would not be valid.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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