It looks like GOOG is targeting a strong support at around 635 area which is likely to be broken within few days time and it should eventually work out towards measured move target at around 620 area.
Overall markets are bearish. Google failed to make new highs. Broke resistance. Big correctional move. Target 636 area. Laser focused fib analysis. Enjoy. Many other factors are in this analysis, much, much more. But, I don't have time to explain all I did in here. The charting software was hard enough to use as it is. Did analysis in ThinkorSwim. Just TAKE my...
If it will close under the support this week, will be a bad signal coming from the price action. Looking also at other companies like Apple, FB and so on, they are signaling some nasty falls.
The corrective rebound that we have seen after aggressive sell off (Earning release), that has been reversed today, and I have one possible swing downward move towards $669 level.
This is an update to the chart We have added some of the shorts and longs that we identified for our clients since the last update and the levels are shown on this chart. Note the price action at the VAIL. Even after the huge drop after the earnings report fiasco, note that the price closed exactly at the top of the entry range for longs. A nice bounce ensued...
GOOG recently had two legged pullback to MA in a bull trend, measured move target has been achieved and now it's should be reversing up to recent test of high at 774 area and either bull trend resumption or forming double top/higher high for the major trend reversal. This is a lower than 50% probability trade, this is why risk:reward is 1:2 on this one. If...
The Correction could take a few weeks or a few months. This is only my personal opinion and not a buy or sell recommendation for you.
GOOG is likely to bounce off EMA 20 and at least test the previous high, before any potential reversal. If triggers above 746.7 - the target will be 769.70 with $10 stop loss at 736.7
Goog showed a classic RSI divergence on it's last high. The failure to hold 760 was key.
Update to chart published here: Many times traders and investors make the mistake of not considering the potential changes in market conditions that will render their prior analysis invalid. Once a trading decision is made, many will not reconsider their position until a predetermined stop is approached. As most experienced traders and investors realize, the...
GOOGLE has passed the 2007 high.Since we do not have a higher reference point for the next target I'm using the CLONING of the reference channel to derive the target.Due to the straight up move,Google will most likely correct to middle of the channel just like it did in 2007.Then, if it goes back into the top channel the next target is around $870