From Higher Level the security has corrected and taken support at the previous consolidation zone. The Security has formed an Ascending pattern at the daily time frame. The Security is trading above the EMA indicating a positive trend and a crossover is observed in the security indicating a short term upside move. A breakout on the upside with price trading above the resistance zone and RSI trading above the falling trendline would be an opportunity to go long in the security.

Ascending Triangle Breakout on the downside as a higher success ratio then on the upside.

For this to follow the Security need to trade below the Rising trend line and both Short and Long period EMA., with RSI trading below 40. Avoid if RSI is trading below 15.

Advice : Trade as per breakout, Breakout Expected on the Upside.

Alphabet

Feb 01 2023