GOOG At The 100% Time Retracement
Google stock is, as of 4PM Eastern time today, at the 100% time retracement of the decline from the February 15th high to the February 24th low.
By itself, this is interesting.
What’s even more interesting is that on the larger time frame, the 60 minute chart, the stock is at the 162% time retracement of the decline from the all time high on the 2nd of February 2005.
This kind of Fibonacci overlap is the kind of analysis that can identify a possible low risk opportunity.
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