Google has broken down below $460 support level. At this point, Google seems to be headed for the $438 range if further weakness plagues this stock. Today, Google was downgraded from Sector Perform to Market Perform with continued litigation issues. Also US Military will ban the use of Youtube and other Google features. The company continues to be hit with negative news lately, but it would not be advisable to add to or even initiate a position here until a new uptrend can be established.
Bearish short term, Bullish intermediate term.
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