Page and Schmidt have been aggressive sellers of GOOG in the last 2 months.
lets see if we head back up the hill to work on the overhead gap, or roll over & work on filling the down side gap. *** plan ahead & be prepared for either scenario ***
GOOG has broken a trendline, and has no real support till 702.
This bearish pattern needs confirmation. Will short if price opens below the rising support line. If u decide to take short position make your stop loss tight. FC drama can put this pattern at risk and can create a problem. Trade less, save more!
Time to bail out $GOOD and Buy $AAPL? If $GOOD is back above $700 why not $AAPL back above $600?
$GOOG manages to push above these levels, the chance to print a new 52wk high is increasing but that seems tough to achieve if FC drama remains open
Always respect the direction of breakouts, even if you don't believe it.
Wait and see kind of situation here. We achieved previous goal, will it give us again?. Time will tell!
This is a classic 2-legged pullback to EMA set up for GOOG. Should work measured move up and close the gap at around 735-740 area soon
Some targets for different type of traders. Full analysis youtu.be You can find us on Twitter @NewAgePit
I am looking for leg c to go for long position. if $GOOG being rejected on Mid Pitfork, then potentially $GOOG will develop Bullish Gartley formation.