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TKby u/tkim·9dAnalysis

Watching $GOOG - Could 341 be a short-term pivot?

Been keeping an eye on $GOOG today, and that 341.73 level we saw earlier looks interesting. It touched it and bounced slightly, currently around 341.91. For me, if we see a sustained break below that 341 mark on a decent volume candle, it would invalidate any idea of a bounce and suggest further downside is more likely. On the flip side, if it can hold this area and consolidate, maybe we see some attempt to reclaim the higher ranges from yesterday's move up to 349.45. Just thinking aloud, it's a messy market right now for sure.

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1 Comments

KIu/kittipongsangthong·9d

I'm seeing similar action around that 341 level. Volume on those bounces has been relatively light though, making me cautious on its durability.

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