ALPHABET INC. CLASS A

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Ticker:	GOOGL
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ALPHABET INC. CLASS A - Around the psychological price level 1000$, negative divergences appear - 06/08/2017 (GMT)

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Chart + Trading signal

Signal : Sell signal
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Entry price recommended : 994,95
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Stop loss : 1 020
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Take profit : 930

Timeframe : Daily

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ALPHABET INC. CLASS A Chart

It has been more than a month since RSI 14 days is in its overbought zone, and now around the psychological price level of 1000$ negative divergence appear

I prepare the following plan, in the case of bearish breakout of the future flat Tenkan Sen level under 994.95

Swing trade idea
Sell stop order < 994.95(Flat TS level)
Initial price target TP1 975 (Flat KS level)
Initial stop loss set to entry point + 2*ATR =1020
Stop loss lower to breakeven once TP1 reached
Final price target TP 930 (The top of the cloud)

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