GOOGLE: Massively overvalued at the top of 12 year Channel.Alphabet Inc. Class CBATS:GOOGInvestingScopeGoogle is incredibly overbought not only on its 1W but even more so on its 1D technical outlook (RSI = 82.120, MACD = 15.420, ADX = 61.803). More importantly, it is almost at the top of the Channel Up that it has been trading on since its IPO exactly 12 years ago. Inside this, Google had three macro bullish waves of +215%, +199% and +150%, all of which ended by initiating corrections that bottomed at or very near the 1W MA200. In addition, they bottomed within the 0.382 - 0.5 Fibonacci zone. Consequently, the price is expected to hit the 1W MA200 again inside this Fibonacci Zone (TP = 250). The stock won't be a long term buy opportunity again before it hits at least this level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##