Its running in the obvious down channel, and now at the lower end of it. I expect a quick bounce to 94-95 level. It will line up perfectly with the weekly SMA 200.
After that continue to the downside. For me, Google at 70 level is really attractive based on technical and fundamental
After that continue to the downside. For me, Google at 70 level is really attractive based on technical and fundamental
Trade closed: target reached:
GOOGLE hit the 94 zone as i said and from now i will wait for it at 70
Comment:
It closed 98 as of friday, considering the trendline broke out. Yet still a potential fake-out, so be caution with your long potion. If it close 2 day in a row above the break out level, i will be more confident.
Comment:
I will not take risk into next week of rate % rising. I will wait for the clear direction