Been watching this stock for a while and there are signs that a drop to $800 region is imminent. The same conviction is confirmed by Wolfe Waves, with possible ETA around 2nd August, 2013.
For the past three weeks Google has been forming a symmetrical triangle forming doji's at the support/resistance trendlines. Being patient here for a move will be rewarding.
Possible reversal could target an AB=CD move into 0.5 retracement.
I forgot to include on my prior chart that that a Bearish RSI BAMM is also evident on the monthly. This strengthens the odds of this pattern playing out.
Bearish AB=CD pattern. Declining volume since the start of the CD leg. I've been looking at monthly charts on a lot of the big boys and $GOOG looks quite horrible. $GOOG isn't any different. I thought about it and it would be interesting to see $AAPL pop next year and $GOOG drop. Anyway if this plays out here it looks like we will have a perfect Bearish AB=CD. My...
Variations of Phi don't lie. I'm looking for a target of 760, if not lower.
Even though you may be thinking that the market has begun to roll over, this chart still shows projections of a long trend off of the Daily. I'm not ready to change my long position just yet, stay tuned, but for now I'm sticking to my channel.
GooG 2013-06-11 day Price Retrace at 38.2 and flip rebound with hammer signal. Now price rebound at 50% of retrace down. IF price go higher this and go new high, this should be Flag Pattern and Target should be 100% projection
Next week google should hit 900$. Bullish on market Option Game plan 1)Buy long call 2) Bear credit spread Saief
Bounce on the way to form wave B!!
Perfect hit on the 68,50 retracement line, is 38 ret next?? jmho
GOOG retraced with the broad markets and closed below it's 21 Daily EMA. Is this a retracement or a change in trend? Let's look at the evidence. GOOG's last 2 pullbacks were to the 100 EMA, technically we can retrace to $807 and not violate previous patterns. The retracement barely made it to the 38% fib level. If we bounce from here this is generally...
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Eyes on Volume All JMHO
Bearish Market. Google next support could be at 840$ over next 2 week if it's close below 871$ on tuesday . Short sale and long put option. also good time for credit spreads.