The Google Inc (NASDAQ:GOOGL) Daily Diagram Technical Analysis shows the following:
The (GOOGL) share has insert in a short downtrend channel lately. This resistance line is just on the top of the KUMO, which means that the GOOGL consolidates in long term. Both weekly and monthly diagram show a neutral behavior.
So the first think in mind is that $550 as you can see is a fair value in long term diagrams. MACD is neutral to bullish and RSI too. The volume has an uptrend.
We have a Friday close at higher high (yellow circle) with a candlestick like a hammer. The share has just got over the KUMO and is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is a cup with handle pattern over the EMA 200. The fib from $515.36 to $574.46 shows a 1.618 projection at $610.98 first target.
So I think that the critical point is the breach of the $574.46. If the share get over it the bullish trend will be here for a new uptrend.
The (GOOGL) share has insert in a short downtrend channel lately. This resistance line is just on the top of the KUMO, which means that the GOOGL consolidates in long term. Both weekly and monthly diagram show a neutral behavior.
So the first think in mind is that $550 as you can see is a fair value in long term diagrams. MACD is neutral to bullish and RSI too. The volume has an uptrend.
We have a Friday close at higher high (yellow circle) with a candlestick like a hammer. The share has just got over the KUMO and is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is a cup with handle pattern over the EMA 200. The fib from $515.36 to $574.46 shows a 1.618 projection at $610.98 first target.
So I think that the critical point is the breach of the $574.46. If the share get over it the bullish trend will be here for a new uptrend.
