Alphabet stock bounces off support line

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On December 20, the stock price for Alphabet found support in the lower trend line of the channel up pattern, which had guided the stock price up since the 2020 March coronavirus stock drop. In the near term future, the share price was expected to test the resistance of the November high levels at 3,005.00/3,020.00. Note that the November high levels are the all-time-high levels of Alphabet.

A passing of the November high level zone could find resistance either in round price levels or the upper trend line of the channel up pattern.

However, a potential decline would first look for support in the lower trend line of the channel up pattern. Afterwards, the October low levels at 2,710.00 and 2,620.00 might act as support.
Back to articles

Actual Topics

Tue, 04 Jan 2022 12:15:16 GMT

Tesla jumps and breaks pattern

The support of the 50.00% Fibonacci retracement level at 892.23 was strong enough to cause a sharp surge. The surge slowed down near the upper trend line of the channel down pattern, during the last day's of 2021 trading. Afterwards, after a short lived retracement down to the support of the 50-day simple moving average, the stock price jumped

Mon, 27 Dec 2021 09:57:23 GMT

Wal-Mart trades sideways

Since June, the stock price of Wal-Mart Stores has been trading in a sideways range between a support zone at 135.00 and the resistance of the 152.75 level. However, it was recently spotted that the stock price faces a resistance zone at 146.70/148.20. The resistance zone reversed a recent recovery of the asset price. Most recently, the price had

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.