Jagpal Holdings Company

Alphabet Inc. setup into earnings could be bearish

With earnings being reported after market close on July 26, Alphabet could break to the downside on a dissapointing earnings

Google (Alphabet inc.) has traded sharply down from April 4, from $144 to $108. Since May 24, the stock has been in a range, and given the technical setup we the sideways action could be a setup for a downside. The sideways action could also be said as a bear flag, which the downward action could continue.

Currently the stock is sitting on the bottom end of the channel, and with earnings being reported after the market close July 26 we could break to the downside. Stock could possibly trade below $100 if the setup holds to be.