Some thoughts on GOOG
As we can see, GOOG is tightly locked in bearish channel on weekly chart. If we project the first leg move in a channel down, we can see that the measured move target is pointing to 570 area - right where the major support is.
Is it just a coincidence? I doubt
Is it just a coincidence? I doubt
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.