From TradingView · · 1m 10s
Trader predicts Google stock drop after resistance hits
A technical analyst sees Alphabet shares falling to $336 after multiple rejections at the $348 level.
In brief
A technical analyst sees Alphabet shares falling to $336 after multiple rejections at the $348 level. Google's stock has repeatedly failed to break through $348, suggesting potential downside to $336 according to chart patterns. Originally reported by TradingView.
Google stock facing resistance
Alphabet shares have hit the $348 price level multiple times without breaking through. This repeated rejection suggests weakness at that price point.
Predicted drop to $336
The trader expects the stock to fall to $336 based on the pattern of failed attempts to push higher. That represents a decline from current resistance.
“Price has been rejecting 348 level multiple times. It will drop to 336”
Chart pattern analysis used
The prediction relies on technical chart patterns rather than company fundamentals. The analyst identifies repeating price behavior as the key signal.
Short position suggested
The trader has labeled this as a short opportunity, meaning they expect to profit from the anticipated price decline. This is a bearish call on Google.
Not financial advice
TradingView explicitly states this analysis doesn't constitute investment advice or recommendations. Readers should do their own research before trading.
What matters most
Google's stock has repeatedly failed to break through $348, suggesting potential downside to $336 according to chart patterns.
