Now the stock is in somewhat of a no man’s land, and we’d expect meandering performance in the coming weeks as it tries to regain its footing.
Right before reporting earnings on Monday after the close, GOOGL made a fresh all-time high by barely eclipsing levels seen in mid-2018. The stock cratered after hours on Monday and opened sharply lower on Tuesday morning. This gap lower left shares below the steep uptrend channel that formed off the stock’s late 2018 low. Now the stock is in somewhat of a no man’s land, and we’d expect meandering performance in the coming weeks as it tries to regain its footing.
The chart above is from our Security Analysis page.
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