GOOGLE INC WEEKLY (21) CHART TECHNICAL ANALYSIS
The GOOGLE (GOOGL) weekly chart shows the following signs:
The Price of GOOGL made a green candlestick (from $528 to $563) last week and stoped on Kijun-sen. The MACD is on bearish sign and the RSI on bullish. The Stock is over the EMA200, over the KUMO Cloud but the Tenkan-sen is under the Kijun-sen.
I expect that the stock could continue the long movement but it has to get over the Kijun-sen, as the Tenkan Sen must get over the Kijun-sen too. Otherwise some consolidation could happen for two weeks in the triangle.
The Price of GOOGL made a green candlestick (from $528 to $563) last week and stoped on Kijun-sen. The MACD is on bearish sign and the RSI on bullish. The Stock is over the EMA200, over the KUMO Cloud but the Tenkan-sen is under the Kijun-sen.
I expect that the stock could continue the long movement but it has to get over the Kijun-sen, as the Tenkan Sen must get over the Kijun-sen too. Otherwise some consolidation could happen for two weeks in the triangle.
