Sell the stock if it opens below 2300. Past 7 days buyers have been trying to push the price higher but the seller has been pulling the price back again at lower levels. Recently the stock has closed near the open forming a doji. Doji is an indication of confusion. Doji can be treated as exhaustion in the move. An opening below the Doji can indicate that the sellers are active in the market and are trying to pull the price at the lower level.

If the share is able to open below the close, the expected move on the downside can be 30-70 points.

Advice : Sell if the security opens below the close.

Alphabet

May 08 2022