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Trade Setup Google Inc. On Selling Climax After 8.5% Dip

Interval: Daily

trade-setup-google-inc-on-selling-climax-06.04.2013

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

Trade Setup Google Inc. On Selling Climax After 8.5% Dip by
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