April 8, 2012

Google Bearish candles an Update

  • Bearish weekly candle has give a correction. But a bigger fall will be possible only if the up trend line gets broken.
  • MACD indicator in daily time frame has given a sell Now price has to sustain below 20 Day SMA and the up trend line for a bigger fall to happen.
  • For bulls of Google price has to move above 20 Day SMA for a possible test of the resistance line shown in daily chart.

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