2 years later, Alphabet in the same place

03 November 2022 242
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Alphabet shares broke the 90-92 zone and rushed further down. Investors are not happy with both the company's financial reports and the continuation of the Fed's monetary policy tightening cycle.

Exactly 2 years later, the price is approaching the unclosed gap on November 3-4, 2020 at the level of 83. Upon its closure, the "bears" can take profits and allow buyers to seize the initiative, at least for a while.

This content is for informational purposes only and is not intended to be investing advice.

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