May 8, 2012

GOOGLE Bullish Engulfing and Head N Shoulders

  • Google daily chart shows both bullish and bearish patterns.
  • A bullish engulfing at 200 Day SMA is a perfect combination for bulls. Bulls just need price to trade above 20 and 50 Day SMA for a trending up move to happen.
  • For bears price should remain below 20 Day SMA and need a break below 200 SMA for the head  and shoulders pattern to be effective.

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