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.
Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html
No comments:
Post a Comment