- 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.
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- The spike outside the rising wedge has failed.
- Price falling fast towards 50 Day SMA.
- Staying below 821 price likely to test 50 Day SMA.
- GOOGLE Analysis before Results
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- Google has fallen back into the rising wedge pattern which is a bearish event
- Daily chart also shows price reacting bearishly from the resistance line.
- Now Google bears need to confirm this by breaking below 838. Further bearishness only if this level is broken on closing basis.
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- AAPL and GOOG Daily chart is trading above 50 Day Moving average.
- If this Moving average holds we might see good up move for these stocks.
- Good correction if 50 DMA gets broken on closing basis.
- GOLD CHANNEL VIOLATED
- Google Weekly chart with resistance line connecting the tops 747 and 642.
- Price has made a high of 627 and is not able to stay above this trend line.
- Bulls has to close the week above this trend line to continue the bullish momentum.
- Unable to cross the resistance line will result in a correction.
