andrew.berg

Goog broke up of descending channel

NASDAQ:GOOGL   GOOGLE INC
Google             ( GOOG             ) broke up down channel first time on 12th of May and regained 8 and 21 EMA . That was first signal that this may change direction. Google             almost reached my target at $557. Next resistance at $564-68. It should hold above $540 support to keep attention of active traders. Then we have series of higher lows $523.57 and $511 that should act like intermidiate support.
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