This reversal bar from yesterday is not looking good for GOOG at all.
First of all, it's very close to major bear trend line which has not been broken yet.
Secondly, the major resistance around 713 seems still to be in place.
Thirdly, the measured move target after October crash is not reached yet.
Short off 691 should be a good trade to get into for the new test of the bottom at 640 and major support at 650, however, the major bull trend line is very close, and, hence, target around 660 is much safer trade here.
First of all, it's very close to major bear trend line which has not been broken yet.
Secondly, the major resistance around 713 seems still to be in place.
Thirdly, the measured move target after October crash is not reached yet.
Short off 691 should be a good trade to get into for the new test of the bottom at 640 and major support at 650, however, the major bull trend line is very close, and, hence, target around 660 is much safer trade here.