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djflowmaster
May 20, 2014 3:13 AM

GOOGL  Short

Alphabet Inc.NASDAQ

Description

GOOGL....Looks bearish as it has retraced much of its recent uptrend from 10/13'........that usually doesn't bode well for longs when a bullish uptrend is retraced quickly.....also it doesn't seem to have much bullish volume for a reversal to happen....if it breaks support around 525 then it could test the 501 level which is the .618% Fib from the uptrend.....if that level doesn't hold then it could go to retest the original b/o level around 455 level.....as always watch volume for confirmation
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