Alphabet quietly hits new record in down market, forming bullish 'cup-and-handle' chart pattern

Mega-cap Alphabet is one of the top performers in the S & P 500 Monday, hitting a new all-time high as the rest of the market struggles. This strength is meaningful on the chart because it lifts the stock above long-term resistance near $151, which goes back to 2021. Assuming the breakout is made decisive by the end of the week, we would see it as a bullish long-term development for

per a new bullish crossover in the weekly MACD. This should allow overbought conditions to be absorbed well.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »