Tuesday, January 14, 2020

Annual Forecast for Alphabet (GOOG) – 2020

 Alphabet stock (NASDAQ:GOOG) has been trending gracefully upwards in January 2020. In fact, the current uptrend started in August 2019, and despite occasional attacks from bears, the bullishness has held out till now.

In January, a new lease of buying pressure took place immediately price broke above the upper Trendline, and the market trended higher. As long as price is above the upper Trendline, the bullish bias on the market will remain valid.

The Stochastic RSI period 14 is also trending upwards, confirming the current uptrend. There could be occasional pullbacks along the way (which invariably happened in the past), but that is supposed to be temporary because the outlook on GOOG is bullish for 2020.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

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