Google Stock Quote

I have updated the intraday GOOG stock chart for today.

Google Fibonacci Retracement Chart

For Friday’s price action, I pointed out the Fibonacci retracement levels and the corresponding prices to watch for support. Today, the stock made a new high. As such, the price for the different retracement levels are adjusted.

Now the 50% retracement level near $104 looks like an obvious price level for support. This corresponds with the Thursday high and the early Friday morning high. A possible “resistance becoming support” level if the stock drops lower.

The last ten minute bar of trading paints a picture of traders willing to take profits on the three days of trading. For the bearish camp, the last ten minute price bar took out the early morning lows near $110. At the very least, I would expect tomorrow’s price action to test today’s low of $109.05.