Google Inc Daily (19.07.2014) Technical Analysis Training
The Google Inc (NASDAQ:GOOGL) Daily Diagram Technical Analysis shows the following:
The (GOOGL) share has inserted in a sharply uptrend last Friday. Support line is above the KUMO, which means that GOOGL is now bullish in long term. Both weekly and monthly diagram show a bullish behavior.
So the first think in mind is that $610.98 is the next target (there is a long term resistance here). MACD is marginally bullish and RSI equals 64. The volume last Friday was 2.5times bigger than usual.
There is a good hammer candlestick. 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. The 100% projection of the Cup is @ $644.29 but a correction is needed before this.
Long!
The (GOOGL) share has inserted in a sharply uptrend last Friday. Support line is above the KUMO, which means that GOOGL is now bullish in long term. Both weekly and monthly diagram show a bullish behavior.
So the first think in mind is that $610.98 is the next target (there is a long term resistance here). MACD is marginally bullish and RSI equals 64. The volume last Friday was 2.5times bigger than usual.
There is a good hammer candlestick. 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. The 100% projection of the Cup is @ $644.29 but a correction is needed before this.
Long!
