July 26, 2013

GOOGLE Negative Divergence

 
  • Google daily has closed below 50 Day SMA.
  • Chart shows Immediate support at 875. On closing below 875 price may target 100 Day SMA.
  • Weekly chart shows big negative divergence Which should give a correction soon. Falling below 875 should lead to 850 levels and lower.
  • So strength above 50 Day SMA and Weakness below 875 levels.
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