Trading above the last valid "2" @ 790$ could initiate a Little Explosion up to a possible "2?" 880$ . SL could be 752$, the last "3"
Former views:
Consolidation before the Big BO? Next station 880$?
GOOG reached all TPs of my former view If you now have a look at the RSI , you can see, that Google 1.40% is temorarily overbought - that means that a consolidation at the recent Niveau should be exspected.(orange arrows) Trrading above the resistance Cluster between 770-790$ could initiate a BIG longsignal -tp 880! Breaking through the szpportzone @ 733$ seems to be bearish .
790$ reachable?
Double Bottom @ 660 + EMA 200 cross @ 695 + Triggered neckline of the Mini-inverse H&S @ 700 = LONG! On the way up are several resistances: 706 (shortterm downtrendline) 740 (last high) /770/790 (Cluster of former highs) Trading above 790 will generate a BIG LONGTERM BUYING SIGNAL Only Prices below 660$ are bearish
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