Monday, April 1, 2013

GOOG Update

We have short term GOOG weekly calls and longer term April monthly puts open.

It looks like GOOG will move both directions, hopefully in time.

 GOOG 2 min positive divergence

 3 min positive building

 GOOG 15 min positive already in place. The short term intraday charts need to see migration from the 2 min which has fairly firm footing across the 3, 5 and 10 min timeframes to meet up with the 15 min for a nice move.

The 60 min seems to put a lid on any upside as a bounce and no more as it is leading negative, it seems the larger trend in GOOG, despite any shorter term bounces, will be down.

No comments: