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Alphabet Inc (GOOGL) “On a long-term technical basis, the stock (GOOGL) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 1268.39 and 1182.06. If the stock breaks down through support at 1268.39 then it will probably continue lower to 1182.06. The stock will meet resistance at 1299.24 and 1461.65. If the stock breaks up through resistance at 1299.24 then it will probably continue higher to 1461.65. The 200-day moving average is at 1173.08. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (79.65).”
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