Technician
Short

#Google: Looks Ready for a Short!

NASDAQ:GOOGL   GOOGLE INC
1300 7 17
A combination of negative technical conditions favors a short :
  • Multiple breakout below the 200 and 50 days SMA
  • Completion of a bearish double top formation
  • Retest to the double top neckline
  • Shooting star candle at the neckline

Ideal mesured target for the pattern is around 518.00 level. A more aggressive target could be at the major long term support area around 495.00

Good luck...
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Possible Harmonic Pattern...
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this trade still active?
im still in the trade though
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I Dont give recommendations. Thanks
-1 Reply
Tijmen_K Technician
Okee sorry about that toen.
Dindt noticed.
Thanks for your reply
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greenplay Technician
Could you please post a new chart for GOOGL after tomorrow may be. Earnings after hour and stock is soaring high.
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greenplay greenplay
You did not respond to my request a month ago. So, I assume the above chart is still perfect without any modifications at this time.
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