July 26, 2013
- Fibonacci levels and 20 Day SMA in daily chart shows crucial support zone for AMAZON between 295 - 299
- Weekly chart looks overbought But needs price to fall and stay below 295 for a bigger correction to follow.
- Strength only on price trading above 309 levels.
- BIDU RESISTANCE LEVELS
- GOOGLE NEGATIVE DIVERGENCE
- Google daily has closed below 50 Day SMA.
- Chart shows Immediate support at 875. On closing below 875 price may target 100 Day SMA.
- Weekly chart shows big negative divergence Which should give a correction soon. Falling below 875 should lead to 850 levels and lower.
- So strength above 50 Day SMA and Weakness below 875 levels.