SamSuka
The Long Investor
The Long Investor

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$GOOG TOP 20

I uploaded this chart during the week to show its progress and said how uncanny it was that it hit our Wave Y target exactly and pulled back....we can see from the RSI that the pull back is quite strong and trending to the downside, the MACD is clearly showing the same trend too.

As I have said here before with $GOOG, it's chart continues to intrigue me, indications and the wave count are not pretty and showing that this could reverse but it has continued to climb higher and also follow Wave 3 perfectly.....so I would not be surprised to see this pull back more, like $AMZN, this could just be an early pull back for Wave 4 before going higher to complete Wave 5.

Holding above the yellow trend line and the 50 Day MA would confirm that this pull back is Wave 4.

$GOOG TOP 20

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