Google Inc Daily (31.07.2014) Technical Analysis Training
The Google Inc (NASDAQ:GOOGL) Daily Diagram Technical Analysis shows the following:
The (GOOGL) share has ended its uptrend development until now. It is under the support line, MACD is bearish and RSI too.
So the first thing in mind is short for $574.46 or top of KUMO if further decline is ahead.
There is no special candlestick. The share is above the KUMO but below Tenkan Sen (green line) and Kijun Sen (blue line) too.
The long term uptrend scenario is still valid. I think that some consolidations will take place here for a couple of weeks, until the uptrend containment. Around the 0.618 of fib @ $552 is a logic level to invest.
The (GOOGL) share has ended its uptrend development until now. It is under the support line, MACD is bearish and RSI too.
So the first thing in mind is short for $574.46 or top of KUMO if further decline is ahead.
There is no special candlestick. The share is above the KUMO but below Tenkan Sen (green line) and Kijun Sen (blue line) too.
The long term uptrend scenario is still valid. I think that some consolidations will take place here for a couple of weeks, until the uptrend containment. Around the 0.618 of fib @ $552 is a logic level to invest.
