Showing posts from October 12, 2023

GOOGL Stock Analysis: Navigating the Current Trend and Anticipating Key Market Shifts.

The daily price of GOOGL has transitioned into a corrective trend since October 12th, interrupting the 9-day upward momentum. Considering recent market fluctuations, today's decline indicates a relatively strong downward movement with increased selling pressure. The overall trend is expected to continue in the corrective mode, with a minor attempt to enter an uptrend early next week. However, a complete shift to an upward trend seems unlikely, remaining within the boundaries of the corrective trend. By mid-October, the trend is likely to weaken further, possibly entering the Bearish zone with increasing downward pressure. The similarity with the US market index is at a high level of 77%, but the prediction may vary slightly based on overall market conditions. Currently positioned at 129% within the Bullish zone, there is some time before entering the Bearish zone, allowing for a gradual correction and a potential return to an uptrend. However, as we approach next week, reaching aro

Understanding META's Trends: Navigating the Shifts in the Stock Market.

  The daily price of META has been in the Bullish zone for 11 consecutive days. After a recent uptrend, it shifted to a correction trend starting from October 12th, indicating a continued correction trend in the near future. Although there might be signs of a return to the uptrend next week, the likelihood of a complete reversal to the bullish trend seems low, with an overall continuation of the correction trend anticipated. As we approach mid to late October, the overall trend is expected to weaken further, entering the Bearish zone and giving rise to a downtrend. In the short term, the expected returns appear modest. Oct 12, 2023 ◆ Closed price 324.16 -1.12%     ◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] ◆ Today's stock price Buy-Sell intensity analysis The current trend appears to be 'Correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an

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