Shares of Alphabet Break $2,500 on the Charts – RealMoney – TheStreet

But here’s what to avoid now. By BRUCE KAMICH Apr 22, 2022 | 01:48 PM EDT Stocks quotes in this article: GOOGL Shares of Alphabet ( GOOGL)  were down Friday and have made a new low for the move down. Not only is this the lowest price since June but it has broken the lows of January, February and March. Let’s check further.   In this daily bar chart of GOOGL, below, we can see that the slope of the 50-day moving average line is negative (bearish). We can also see that the slower-to-react 200-day line is cresting. 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. The trend-following Moving Average Convergence Divergence (MACD) oscillator is bearish.    In this weekly Japanese candlestick chart of GOOGL, below, we see a bearish picture. Prices are turning down and trade below the cresting 40-week moving average line. The most current weekly candle shows an upper shadow as traders are rejecting the highs but also the candle has closed below the lower shadows of January and February. The weekly OBV line is in its third month of weakness…
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