Alphabet Inc. ( $GOOGL ) is one of the super and best stock to buy as of April 22, 2019. It’s a growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a nice consolidation in the fall of 2017.
3. The stock had a solid run in late 2017.
4. The stock found support at the 50 day moving average line during the run up.
5. The stock then had wild reaction and even lost the 50 DMA support.
6. The stock bounced backed quickly and witnessed another solid run.
7. This time also found support at the 50 DMA.
8. The stock was unable to sustain the gains and fall into another reaction, and also lost the 50 DMA.
9. The stock bounced back in early 2019.
10. The stock appears to be in a quick consolidation, now.
11. The stock also trading above the 50 DMA key support line.
12. But, the accumulation volume is running below average.
13. The buying price would be $1236.54 – $1298.37.
