Test of 200 DMA Next Up for Google on the Downside
Today's weakness in Google (Nasdaq: GOOG) has violated key 4-month support at 455/452, which has triggered the downside potential of the Big "M" Double-top that projects to 429, and then 400. For the time being, GOOG is heading into the gap area left behind on Oct. 20 on the way up...Next immediate target: a test of the 200 DMA at 432/31.