A Technical Analysis of Google (GOOG)

Google (GOOG) first key support area is at its 40 Weekly EMA (blue line) just above 450.  If Google fails to hold support around 450 then its next level of support is around 440 which is where it found support at in March (point A) and also coincides with its longer term upward trend line (black line).   

If Google fails to hold support around 440 then we would have to start looking at longer term Retracement Levels for its next areas of support.  Googles 23.6% Retracement Level is around 410 while its 38.2% Retracement Level is near 355.  Thus if Google fails to hold support around 440 it could drop back to the 410 to 355 range in the longer term. 


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