In our last stock analysis – Waiting for a 8.5% Throwback Before Acting On Google Inc. – we said that we are waiting for the price of Google Inc. shares to drop at 774.32 until taking any action.
It has past only 3 days and that level was hit. Beside that it seems that a Selling Climax has formed right over the support area, giving us the reversal signal needed. If $790 per share will be broken than we may expect a rally back to the historical high.
Confirmation Level: 789.26
Target Level: 843.60
Stop Loss Level: 764.90