Is Google uptend coming to an end?
GOOG has been going up and up for a long time.
Last few days it is been forming an ending trangle.
MACD indicates that the momentum has been going down in the hortly and daily charts.
After the 5 wave ending triangle, price droped forcefully.
At least a short term downtrend may be in place. If the stock breaks below 1203, I will be more confident.
Last few days it is been forming an ending trangle.
MACD indicates that the momentum has been going down in the hortly and daily charts.
After the 5 wave ending triangle, price droped forcefully.
At least a short term downtrend may be in place. If the stock breaks below 1203, I will be more confident.
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