December 17, 2012

GOOGLE Chart analysis

 
  • First chart is the daily time frame which shows Price stopping at the cloud.
  • Next chart shows a contracting pattern with a failed breakout. Price has comeback into the pattern, If it breaks the support line we may see a faster fall in Google.
  • Crucial supports in daily time frame are 694 and 688 with 50 and 100 SMA's respectively.
  • S&P 500 WEEKEND UPDATE
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