David Keller breaks down an inverted-head-and-shoulders pattern in Alphabet.
While news of a potential break-up has investors reasonably cautious on Alphabet Inc . , this week's pullback could be setting up one of the more bullish patterns in the technical analysis toolkit. Let's dig into what this pattern represents, and what key price level investors should be watching for in the days to come. The inverted-head-and-shoulders bottom is formed when you have a major low surrounded by two higher lows.
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