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GOOGL @ Dec`16 upside trend broked fiday tradingGOOGL closed froday trading day in a last GAP of last week before From this point of view, we could see an highly volatile week, while next 5 trading days!? How ever, maybe i am reading too much in the chart?! Currently, is essentiel, at least in my opinion, not only this GAP. Much more the 2nd one and 3rd one is huge (`cause the GAP manifest the start of the last doownside trend and following trend -reversal which even broked friday. 811.97 & 807.88 GAP of last week before (2nd half of week) 794.93 & 798.06 GAP of last week before (1nd half of week) 782.37 & 793.18 MAIN GAP after trump election (wednesday opening) Tech shares are under pressure since president election. Specially the F-A-N-G`s :) While NFLX is lokking pretty bullish technicly, it seems like that FB also can etablishing it`s upside trend (dec`16). GOOGL should be under pressure this week, while AMZN already slighty bearish lokks like (for this week). That`s also the reason why i closed my BABA long position manually, last week! And awaiting lower prices in AAPL to get long again :) As it may be comes until christmas, huge important is the MAINLY GAP (between 782.37 & 793.18) & the monthly BB (802.89 & 784.17). Both technical facts should servce as something like support areas. Inclusive the 50% (61,80% & 38,20%) fib retracement, which is more or lesse around 789 (797 & 781) ... All in all i am still (added: a little bit scary) slightly optimistic - even bullish - by prices above 800. Prices under 800 could have an psychological effect and maybe create much more pressure even until around 790 or 780. But at least at this area and all other techs (more or kless) should rise or even get back in green performance profit price areas, like before trump election :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a analysis (for swing traders) - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
NASDAQ:GOOGL
by Devise2Day