GOOG In Buy Zone
Updated
Perception:
Despite the recent fall in Google and Apple's shares, I think it is a pullback and a bargain buying opportunity.
Technicals:
Daily Chart
First pullback after all time high reached.
RSI at extremes and other indicators.
a-b-c completion
61.8% fib retracement zone.
No stage 3 bear market in Google
Weekly Chart:
Weekly chart has not confirmed the potential risk of a daily end of up trend.
Comment: Buy more with a 0.1% risk
Despite the recent fall in Google and Apple's shares, I think it is a pullback and a bargain buying opportunity.
Technicals:
Daily Chart
First pullback after all time high reached.
RSI at extremes and other indicators.
a-b-c completion
61.8% fib retracement zone.
No stage 3 bear market in Google
Weekly Chart:
Weekly chart has not confirmed the potential risk of a daily end of up trend.
Comment: Buy more with a 0.1% risk
Note
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