GOOGLE Rising Wedge and 50 Day SMA

• 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 Weekend update

• 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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GOOGLE Rising Wedge and Resistance line (Alphabet Inc)

• Last chart the weekly time frame shows a possible rising wedge pattern. Price for now is staying outside the pattern. If price falls back into the pattern then it may affect the Bullish trend in daily and lower time frames.
• False spikes out of Rising wedge usually lead to fast moves on the opposite side. so its crucial for google bulls to keep price outside the Rising wedge as it is now.
• Daily chart is testing a resistance line as shown in first chart.
• Crucial support area to keep the bullish trend intact in daily time frame is 838.
• GOLD Trend update

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GOOGLE Daily Chart Analysis

• Google Weekly chart is near resistance line.
• Price is moving up with an unfilled GAP.
• MACD histograms are showing negative divergence. If price does not break above the resistance line we may see a correction in GOOG.
• SPX ANALYSIS AFTER CLOSING BELL
  

GOOGLE Near resistance line

• Google is approaching its resistance line in weekly chart.
• Second chart shows today's GAP. This gap may not get faded right away. Price may continue towards the resistance line and the correction from there may fill this GAP.

GOOGLE Testing Weekly support line

• Google Testing its support line in weekly chart.
• Week closing below this support line will be negative for goog
• If day shows reversal at the support line a long trade is possible.
• MSFT NEAR TRIANGLE SUPPORT LINE
  

GOOGLE Testing 50 Day Moving Average

• Price is testing 50 Day moving average.
• Daily candle closing below this will favor bears of google for extending the correction
• 61.8% Fib level and 525 may act as support if price closes below 50 DMA.

APPLE and GOOGLE Holding on to 50 DMA

• 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 Pausing at the Resistance line

• 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.

Unfilled GAP of GOOGLE

• First chart is showing the GAP in Google chart from 547 to 591 and a broken trend line. Break of the trend line in daily chart led to a decline up to 581. Stock took support at 581 and started moving up but the broken trend line acted as resistance this time.
• If price breaks 581 GAP will be reduced further.
• Second chart shows a range between 581 and 600. If range breaks the lower line at 581 price may take support at 50 DMA which will be the right place to go long. On the contrary if price breaks 600 bulls need to close above 20 DMA for a bigger up move to take place.
• APPLE WEEKEND UPDATE