WEEKLY CHART - A BULLISH VIEW
DAILY CHART
- Google weekly chart looks positive followed by the triangle breakout on Friday.
- Daily chart on friday gave a gap up and gave a Hanging man candlestick. Although the success rate of hanging man is good we have to see if the following day's closes below the hanging man, Then may be this gap will be tested.
- If the Triangle breakout in weekly chart is to going to play out then the hanging man will have to fail.
- Targets for this breakouts are huge because of the size of the pattern. But for now one can play for the next resistance levels which is at 624 also make sure that the price trades above the Hanging man and the gap.
- DOW JONES ANALYSIS AFTER CLOSING BELL
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