I apologize for the late analysis on Google, but I have been looking at it for the last week or so. After bearish run last week, Google seemed oversold. Currently, the stock is in a nice bullish position, and I think it will remain bullish until it hits the resistance line at 1126. Then, it will fall to the support line at 1090. Google is forming a symmetrical triangle, so we will know by the end of the week if it remains bullish or changes to bearish. Remember, use your best judgement from this analysis. Happy trading!
Technical Indicators:
-CCI: crossed the 100 line and remains above it.
-Stochastic: the fast line is about to cross over the slow line, and the negative histogram is decreasing.
-MA: the trend is above the 200 and 35 moving averages.
-C
Technical Indicators:
-CCI: crossed the 100 line and remains above it.
-Stochastic: the fast line is about to cross over the slow line, and the negative histogram is decreasing.
-MA: the trend is above the 200 and 35 moving averages.
-C
Comment:
Google has broken through the resistance line, and it is headed upwards towards the 1130 mark. Stay tuned! We will see what happens on Monday.
Comment:
Sorry, I meant the resistance at 1180. I apologize for the mistake!
-C