Google Inc Daily (10.07.2014) Technical Analysis Training
The Google Inc (NASDAQ:GOOGL) Daily Diagram Technical Analysis shows the following:
The (GOOGL) share has insert in a short downtrend lately. This share today reacts from the Kijun Sen Support from $572.10 above the KUMO, which means that GOOGL makes a new trend here. Both weekly and monthly diagram show a bullish behavior.
So the first think in mind is that $572 is a good support for the share above the KUMO. MACD is turning to bullish slowly and RSI too. The volume is as usual.
There is a bullish engulfing today (look carefully at close). The share is above the KUMO the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is a cup with handle pattern above the EMA 200. The fib from $515.36 to $574.46 shows a 1.618 projection at $610.98 first target.
So I think that the critical point is MACD.
The (GOOGL) share has insert in a short downtrend lately. This share today reacts from the Kijun Sen Support from $572.10 above the KUMO, which means that GOOGL makes a new trend here. Both weekly and monthly diagram show a bullish behavior.
So the first think in mind is that $572 is a good support for the share above the KUMO. MACD is turning to bullish slowly and RSI too. The volume is as usual.
There is a bullish engulfing today (look carefully at close). The share is above the KUMO the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is a cup with handle pattern above the EMA 200. The fib from $515.36 to $574.46 shows a 1.618 projection at $610.98 first target.
So I think that the critical point is MACD.
