Home Sectors Communications Chart of the Day: Alphabet Pulls Back After Earnings Rally

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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August 4, 2023

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Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity.

The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the upside. GOOGL has retraced half that move, which could …

For more, please click here to view the related idea and chart analysis on TradingView.

Alphabet (GOOGL), *daily chart, with selected patterns and indicators, courtesy of TradingView*.

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