as we all know google last month "Spet" been moving so slowly and this happened for many reasons like:
a) no good news comes up.
b) low .
c) what makes me hate "penny stocks" is Low liquidity.
yes, one of those important reasons that make Google moving slowly is it doesn't have enough liquidity to give the price big moves.
and this also effect on the average of the price as we see on the chart the price stuck between $1160 & $1195 level's for an entire month! I mean it's serious problem for the 3rd company in the world when it comes to MKT-Cap size. if we do a quick compare against Facebook which's 8th Company in the world:
Google = Over $840B
Facebook = Under $500B
Google = Under $3M
Facebook = Over 30M
May you found this not a problem for you but for a lot of traders who deal with options and breakout trading this is will effect.
Anyway, after the price breakout over $1190 level's I believe that it's will back again to retest this level's if it will be strong resistance the price in Oct will make a "correction path up" to the $1289 levels, and think if there's not enough liquid/volume it will get rejected from there. but if it retests the $1190 level's and breaks it the 1st target will be again $1160 and the 2nd target ll be $1110 levels.
why I think the price will back to retest the $1190 level's?:
my reason is if you take a look in the we can see the price is overbought in 1D timeframe also in timeframe 4h timeframe. and to be oversold we need to move down around 1% which make sense to me.
So yeah, this is "my thought" about Google for the Next first week of Oct, To the Next Sunday, have fun.