March 28, 2015

Google Technical analysis

  • Google weekly chart shows another bullish attempt getting rejected at the resistance line
  • Daily chart shows price falling from a bearish engulfing pattern. Price has also closed below 200 Day SMA.
  • Levels which Google bears need to break are 38.2% Fib level, 50 Day SMA and 544 on closing basis. Below these levels bigger correction is possible.
  • CRUDE OIL WEEKEND UPDATE
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