Google gapped up after it's earnings report. It has now retraced to fill those orders. If the uptrend were to continue, this looks like a logical place from which it would do so. A confirmation would be breaking through the descending channel .
We also had a better than expected earnings report, and it has seen continuous positive growth over the last several...
Price looks like it is respecting the trend line. It is indicating a potential bounce at this level with wick rejections and a failure to break any lower. Could continue up from here.
