Looking at this chart. Google
has been going up, with 4 peaks in the past 12 months (pink circles). Each peak is higher than the previous. However, the volume
has died off quite a bit since the 2nd peak (red arrows), suggesting exhaustion of buyers. In addition, there is divergence on MACD
histogram and RSI
. These are suggestive of bearish trend
ahead. Something we need to keep an eye on.
Disclaimer: I do not currently have any position in Goog