welcomeinside/iStock via Getty Images Investment thesis After qualifying Alphabet (NASDAQ: GOOG ) (NASDAQ: GOOGL ) as a long-term investment opportunity based on my in-depth fundamental analysis , I want to discuss the stock from a technical perspective. The stock has lost 45% since the beginning of its decline and is priced under its most important moving averages, facing significant overhead resistance, while the stock is still not building relative strength, despite the relevant industry group giving more positive signs. In this article, I explain an actionable trading opportunity in the short-to-medium term. I discuss two positive and one negative scenarios based on a contingency plan with multiple outcomes, while I always examine the downside risk, by considering appropriate stop-loss levels and actively managing the risk exposure. A quick look at the big picture The US technology sector and the communication services sector are among the laggards in the past year. Despite companies in the communication services sector performing slightly better in the past month, technology companies are still struggling to recover from the recent sell-off. Companies offering information technology services, or active in the internet content and information industry, have performed flat in the past month, while companies in […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
