Alphabet’s (Google) stock price has reversed from the multi-year high of 1,579.30, finding strong support at the 1,483 level where the Ichimoku cloud is currently holding. Positive sentiment appears to be reviving after the bounce on the supportive trend line pulled from the March 23 low of 1,009. Further backing this short-term view are the upward slopes of the 50- and 100-day simple moving averages (SMAs). The RSI, in the positive area, is pointing north above the neutral threshold of 50, while the stochastic [..]
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