Macro Negative Outlook on Tech
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Is GOOGL Stock's Bull Run Over? Charles Moon Is Betting Against Alphabet This March, Expects 4% Decline
Benzinga· 2026-02-24 11:56
Resistance Over SupportWhile institutions like Wells Fargo have recently upgraded Alphabet with targets as high as $387, Moon is taking a decidedly short-term, contrarian view.On Morning Trade Live by Schwab Network, Moon noted that the current market environment has shifted from its traditional “buy the dip” mentality.“I’m looking at Google as a fade right now,” Moon stated, emphasizing that technical barriers are now more significant than historical floors.“In this environment, resistance is going to play ...