EvanJones

A quick short term retracement

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NASDAQ:GOOG   Alphabet Inc (Google) Class C
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Google had some awesome earnings report the other day reportedly adding 60 billion to the company stock.

Technically this pair is way over-brought and is due a retracement based on the stretched bollinger band, overbrough indication on the stochastic and some bearish divergence printed above the candles on a daily time frame. My estimate is the weekly pivot as the next target before this pair resumes a nice bull trend.

Just an update on this idea, great chance to buy this stock!!!

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