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GOOG In Holding Pattern Waiting For Something to Happen

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October 15, 2013 – Comments (0) | RELATED TICKERS: GOOGL

Head and shoulders pattern still in play here, however, a push above $897 negates the pattern and results in a breakout to the upside for the bulls. 

Also concerning for the bears would be the break of the cluster of moving averages from today and yesterday. 

I'm not recommending you buy or short Google (GOOG) at this point. Instead, I recommend you sit and wait. Wait for the parameters below to be violated in one way or the other, and then you act. 

Here's the technical analysis update on GOOG:

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