Google Continues to Look Weak

By | November 18, 2014

Google (GOOGL) failed to recapture its 50 or 200 day moving average earlier this month, and this week has broken support in the $550.00 level. The MacD is making a bearish crossover and Chaikin Money Flow is entering negative territory. At this point in time and price, it looks like the October low is a potential downside target.

18. googlchart

I am short GOOGL.

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