Short term view - ALPHABET : Bullish gap
The trend is still bullish, the invalidation level is below $1,000.00. The target is at $1,177.00.Arguments :
- The major support has been shortly breached, but it is now reinstated. Prices can bounce.
- The resistance has been passed.
- Prices are breaking above the moving average, it is a sign of strength.
- The bullish gap opened as prices break out of the pattern announces a rally.
Alphabet is a holding company. Through its subsidiaries, the company is engaged in a collection of businesses, which its primary business is Google. The company reports all non-Google businesses collectively as Other Bets. Google's main products and platforms are Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube. The company also provides advertisers with tools that help them attribute and measure their advertising campaigns. In addition, Other Bets includes Access, Calico, CapitalG, GV, Verily, Waymo, and X, among others. Other Bets primarily engages in the sales of internet and TV services through Access as well as licensing and research and development services through Verily.
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