Alphabet Inc. (NASDAQ:GOOG) Prostitutes Values to Capture China
Alphabet Inc.’s (GOOGL) Google has embarked on a broad strategy to expand in China claim a number of people either involved in the effort or watching it closely. The move is at odds with the political grandstanding the company did in relation to censorship in the past, but at a time when they were claiming the self righteous path, they were selling information to anyone that would buy it, that may still be a problem for them in China.
As part of a project dubbed “Dragonfly,” Google has begun testing a mobile version of its search engine that would adhere to China’s strict censors, people familiar with the matter said. To convince the Chinese government to allow such a move, Google can point to how it provides tools and support to a growing number of app developers, manufacturers and advertisers in the region as examples of how the company contributes to economic growth.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 1,279.53.
The projected lower bound is: 1,195.11.
The projected closing price is: 1,237.32.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.1965. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 59.78. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 11 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 15. This is not a topping or bottoming area. The last signal was a sell 10 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 8 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed down -2.600 at 1,235.010. Volume was 100% below average (consolidating) and Bollinger Bands were 20% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,232.15 1,176.29 1,095.45
Volatility: 11 23 29
Volume: 1,173,762 1,434,567 1,636,914
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ALPHABET INC C is currently 12.7% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 24 periods.
Latest posts by HEFFX Australia (see all)
- New Amazon.com, Inc. (NASDAQ:AMZN) Go Grocery Store Has a Second Secret Weapon - February 28, 2020
- Apple Inc. (NASDAQ:AAPL) Stock Among Hardest Hit As Coronavirus Sell-off Continues - February 28, 2020
- Dow Jones Industrial Average (.DJI) Drops 1,191, NASDAQ Composite (.IXIC) Sinks 414 - February 28, 2020