Market Technical View: Google breaching an important trend line

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.

Wednesday, January 18, 2012

Google breaching an important trend line

This is an update for the January 10^th 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.

TUESDAY, JAN. 10: http://markettechnicalview.blogspot.com/2012/01/google-at-support-scenario-in-case-of.html