This is just for the sake of technical discussion. Not a trade advice.
GOOG has formed a Head & Shoulders Pattern, which is bearish if it breakes below the neckline (which happened last Friday on strong volume).
The H&S target is around 2280 with initial stop just above it's recent high @ 2270.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
GOOG has formed a Head & Shoulders Pattern, which is bearish if it breakes below the neckline (which happened last Friday on strong volume).
The H&S target is around 2280 with initial stop just above it's recent high @ 2270.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)