Lower Prices
Yesterday had all the makings of a reversal to higher prices for Google stock. The stock closed higher than the open after making a lower low.
That reversal never carried through today. Sure the stock rallied a bit. It never traded above yesterday’s high price which is the initial sign that stock is continuing higher.
The next likely level of support is at the recent lows around $164.
From there, if the stock does continue lower, then the 100% Fibonacci price projection level is at $153.47.
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