The first line to notice is the red support line from the weekly chart. I find that the weekly gives a better overview of whether a stock is overall or . Since it is still over the line I would say it is still . Because it is I would look for an attractive price to get in a long position.
The second line to notice is the black support line from the reaction high back in March. Notice how both support lines (red and Black) are converging.
The third thing to notice is the just had a crossover and this has been a good indicator for Google so far.
Now here's the SKINNY!!! There is a possible downside back to support lines around 840. Thats about a 4% drop! I don't believe the stock will shoot up until it closes above 878. Until then I would wait and see if I could get in closer to 840. I am OK with a 2% risk so an entry around 856 would be acceptable.
If it does close above 878 I would have to reassess how strongly the move over 878 was and use 866.05 as the new support. If the move over 878 was really strong, then I would wait for a pullback because my target is around 927 and I want to buy low and sell high as they say.
Before market close 9/5/13