Short-Sale Set Up - Alphabet (GOOG) - Follow-Up (4/26/23
| Published: | 26 Apr 2023 14:40 ET |
We reported earlier today on Alphabet (GOOG) as it presented a potential short-sale entry at 10-dma resistance. It has since come down slightly and as we approach the final hour of trade is printing below its 20-dema. This triggers a second short-sale entry as a late-stage failed-base (LSFB) type of short-sale set-up using the 20-dema as a covering guide. The fact is that the two entries, the first at the 10-dma and the second at the 20-dema, are only a little more than 1% apart, thus either short entry works at this stage pending GOOG's closing price.
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