Alphabet's Trading Below the 200-Day Moving Average

Broden says Amazon's got a cluster of Fibonacci time signals coming up, which means there's a chance the stock could potentially make an important low this week. But even if Amazon can temporarily find its footing, Broden thinks the overall pattern here is so negative that any rally would be short-lived. If the stock does bounce, yep, she recommends that you ring the register. In her view, like so many other big tech names, quite a lot of technical damage has been done to Alphabet.