March 7, 2013

Dark cloud cover of GOOGLE

  • Daily chart has given a Bearish Dark cloud cover pattern.
  • Negative divergence in daily chart with RSI is also looking good for bears. Crucial point to note is that there is no trigger yet for bears. 
  • Hourly chart shows a big bearish engulfing pattern and followed by a small range. For bears trigger could be price falling below the GAP which may give a bigger fall.

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