Goog broke up of descending channel

22 мая 2014 г.

Google (GOOG) broke up down channel first time on 12th of May and regained 8 and 21 EMA. That was first signal that this may change direction. Google almost reached my target at $557. Next resistance at $564-68. It should hold above $540 support to keep attention of active traders. Then we have series of higher lows $523.57 and $511 that should act like intermidiate support.