May 2, 2012

GOOGLE Chart Analysis

  • First chart is show with MACD.  Crucial support in  this chart is the 200 Day SMA.  If  200 SMA is held MACD should  give a buy signal.
  • If the 200 SMA is held we may see a triangle pattern in google. Price has to sustain above 50 Day SMA for a possible up move towards the resistance line of the triangle.
  • 20 and 50 Day SMA is showing  a possible bearish  setup. If price stays below 20 SMA we might get a trending move in favor of bears  provided 200 SMA gets broken.

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