The Selling Pressure Continues into a Test of Critical Support

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Below is what we discussed yesterday morning, when Google Inc. (GOOG) was trading at 710. Today it has followed our technical script, and traded lower to 687-686 as it approaches a full-fledged test of its July support line at 686, and its prior significant pivot low at 673.25, which must contain the weakness to avert further weakness that tests the rising 200-Day EMA, now at 662.22. Right now, I am looking for a test of the 200-Day EMA. MJP 2/5/16 GOOG rocketed in reaction to its 2/01

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