November 8, 2012

GOOGLE Chart analysis

  • Google violating its crucial support zone between 658 - 669. This level acted as resistance before so it was expected to give support But the level has been violated now, A weekly close below this zone will add strength for bears.
  • Price has violated 20 Week SMA. Sustaining below this level should target 50 Week SMA near 634 levels.
  • bearish engulfing of month chart is doing well so far.
  • APPLE WEEK NEARING OVERSOLD ZONE
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