Google Stock Showing Signs Of Weakness
That’s right, even though GOOG made a new high on Friday, the closing price indicates weakness.
The sixty minute chart shows the stock making a new high early in the day, but finishes very near the low of the day.
The daily chart shows the stock forming a “shooting star” in Candlestick terms. The “body” (the difference between the open and the close) is near the bottom of the daily price range with a long “tail".
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