zorro

GOOGL reaches support

Long
NASDAQ:GOOGL   Alphabet Inc (Google) Class A
GOOGL retraced to the 523.65 support level of late April 2014. This level almost totally coincided with the lower bound of a large triangle that has been shaping up since the beginning of March 2014. Buy orders may be made slightly above this level, stop-losses are limited, beyond this level - take risk. Considerable growth of volumes points to the beginning of purchases starting from this level. The first rebound from this level will be toward 536, a falling trend. If the gauge breaks through this level, it will move toward the 562 fractal . Above is a triangle bound in the vicinity of 600.
My forecast participates in the Market Forecaster contest. Follow the link http://s30548462907.whotrades.com/blog/4...
to vote for it and help me win the top prize. Thank you.