March 26, 2017

GOOGLE(Alphabet Inc) Chart Analysis

  • Google month chart shows a Big rising wedge pattern with False upper breakouts. If This month candle closes at the current levels or lower It could take price towards the support line of the pattern.
  • Daily has closed below 50 Day SMA. If price stays below this line it could lead to 200 Day SMA.
  • 4 Hour chart is testing the cloud. Closing below the cloud may increase bearishness further.
  • Google bulls need to get back above 50 Day SMA to avoid further weakness.