Shares of Alphabet were down Friday and have made a new low for the move down. In this daily bar chart of GOOGL, below, we can see that the slope of the 50-day moving average line is negative (bearish). The On-Balance-Volume (OBV) line has moved sideways since November and is close to moving below its January low to make a new low for the move down. Read More...
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My Top FAANG Stock to Buy for the Second Half of 2022 (and Beyond)
This acronym, which is a bit dated due to company name changes, stands for five companies: Meta, Amazon (NASDAQ: AMZN), Apple, Netflix, and Alphabet. As we close in on the first half of 2022, Amazon looks poised to reward shareholders handsomely. Amazon Web Services (AWS), the company’s cloud-computing service, has a dominant share of the market, with 32%.
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