Alphabet Inc (US: GOOGL) Technical price action indicates a potential return after the price met its initial target requirement of 161.8% of the previous double top extension level at 161.8%:
*Expected timeline of the trade is 15 weeks from the date of report issuance.
*Should the price fail to rise above the US$2866 immediate resistance, there is a chance that the price may revert lower to the US$2616 region before a rebound.
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line
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