Consolidation before the Big BO? Next station 880$?
GOOG reached all TPs of my former view
If you now have a look at the RSI, you can see, that Google is temorarily overbought - that means that a consolidation at the recent Niveau should be exspected.(orange arrows)
Trrading above the resistance Cluster between 770-790$ could initiate a BIG longsignal -tp 880!
Breaking through the szpportzone @ 733$ seems to be bearish.
Former view:
790$ reachable?
Double Bottom @ 660 + EMA 200 cross @ 695 + Triggered neckline of the Mini-inverse H&S @ 700 = LONG!
On the way up are several resistances: 706 (shortterm downtrendline) 740 (last high) /770/790 (Cluster of former highs)
Trading above 790 will generate a BIG LONGTERM BUYING SIGNAL
Only Prices below 660$ are bearish
If you now have a look at the RSI, you can see, that Google is temorarily overbought - that means that a consolidation at the recent Niveau should be exspected.(orange arrows)
Trrading above the resistance Cluster between 770-790$ could initiate a BIG longsignal -tp 880!
Breaking through the szpportzone @ 733$ seems to be bearish.
Former view:
790$ reachable?
On the way up are several resistances: 706 (shortterm downtrendline) 740 (last high) /770/790 (Cluster of former highs)
Trading above 790 will generate a BIG LONGTERM BUYING SIGNAL
Only Prices below 660$ are bearish
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