Looking at this chart. Google has been going up, with 4 peaks in the past 12 months (pink circles). Each peak is higher than the previous. However, the volume has died off quite a bit since the 2nd peak (red arrows), suggesting exhaustion of buyers. In addition, there is divergence on MACD histogram and RSI. These are suggestive of bearish trend ahead. Something we need to keep an eye on.
Disclaimer: I do not currently have any position in Goog.
Disclaimer: I do not currently have any position in Goog.