Mini Reversal
The 30 minute chart for Google’s stock chart shows the stock possibly reversing to the upside late this afternoon at the 62% Fibonacci retracement.
If the stock is reversing, the first resistance level (the obvious level) is the recent highs near $200. If the stock takes out that price level, then $208 is next.
How did I come up with that level … well, let’s just wait and see if the stock gets there, then I’ll explain.
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