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Friday, March 01, 2024 4:43:49 PM
By: Carl Swenlin | March 1, 2024
Alphabet (GOOGL): GOOGL has run into resistance at the 2021 top, and has formed a long-term double top. The rising trend line from the 2022 low is still intact, but there is a PMO negative divergence. If that trend breaks, so will its magnificence.
Prognosis: Not good at this point. Magnificence is endangered.
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