Categories: Technical Analysis

Bearish period ahead of Google

Hi friends,

I don’t share my opinions about stocks too much, but this time I will

From my view, Google is completely extreme and within several weeks will begin it’s bearish period again.

Here is why I think so:

That’s the weekly chart (Click to enlarge):

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As we see BB depth is duplicated and RSI reaches extreme.

Daily chart (Click to enlarge):

Here we see a CLEAR bearish divergence and that’s why I am convinced that we are reaching a top for Google and bearish period is ahead of it.

The target I can imagine is the trend line level.

Good luck

Yours,

Vladimir Ribakov
www.vladimirforexsignals.com

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.