March 28, 2012

GOOGLE Chart Analysis

  • Google month chart is nearing its resistance line.
  • Daily is yet to show weakness. Price if gets resisted at 78.6% and closes below 10 Day EMA may result in a correction.
  • Hour chart too looks strong for the bulls. Price continue to trend up above 50 Hour SMA and the hourly cloud. Weakness only if price starts to trade below 50 Hour SMA.

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