I wanted to follow-up and highlight an interesting point in the recent price rally in Google (GOOG) – specifically with regard to the price bounce off the key ‘last-support’ level I previously mentioned.
It’s an interesting lesson that’s worth repeating – here’s the chart:
Google stock (GOOG) is completing a full “Mirror-Image Foldback” (a fancy term for a symmetrical decline and recovery) into a possible resistance level at $600. Let’s take a look at Google’s weekly chart to see these developments and pay close attention to what happens as price retests the $600 level soon.
A reader asked me to take a look at Google, so let’s chart Google’s (GOOG) daily course through 2009 and note key levels of support to watch going forward.
With Google (GOOG) announcing earnings that ‘disappointed’ Thursday night and Intel’s (INTC) earnings earlier in the week surprised, let’s take a quick look as of July 17th at these two market moving stocks.
Google (GOOG) formed an interesting pullback retracement to the rising 20 day EMA, forming a possible Bull Flag in the process – let’s look at it in more detail.
Fibonacci Confluence grids as I mentioned in yesterday’s educational post “A Lesson on Fibonacci Confluence.” I wanted to share a few more examples of this powerful concept in action.
Google has formed a very rare and interesting pattern, known as a “V-Arc Reversal.” Let’s look at this pattern and what the current daily structure of Google (GOOG) looks like.
I haven’t discussed the technical picture on Google (GOOG) in a while, so let’s take a moment to look at the weekly and daily price structures for Google and what might be in store for the near future. Google (GOOG) Weekly: The dominant structure I’m seeing is a (potentially) completed “ABC” large scale corrective phase…
What we may have missed recently is the weakness in technology related companies over the last week which was particularly punishing for most tech companies that started roughly at the same time DELL missed earnings and gapped lower. Let’s look at the XLK Technology SPDR and Google for some insights. XLK Technology Sector SPDR Daily:…
Apple Inc (AAPL) and Google (GOOG) are telling a different story on their respective daily charts – AAPL sits at support on a potential buy signal while GOOG has fallen beneath resistance on a potential sell signal nearing possible support. Let’s take a quick look to see if we can make any sense of this….