Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, January 18, 2012

Google breaching an important trend line

This is an update for the January 10th analysis of Google.

The scenario is still valid as the price fluctuates around the T1 trend line and break-retest-continuation pattern is still in focus. The first support is at $618.16 level while the resistance is set by T1 line.

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