GOOG has successfully tested its long-term trendline and has managed to hold it bullish gap support ($362.50) on the last two swoons. However, until it can recapture its 200 day MA, it is vulnerable to further weakness.A look at the 60 minute view below, shows that GOOG is currently trading just above $380 (prior minor resistance) and appears to be forming a bullish flag. A successful break of the flag pattern could propel price towards the next resistance level of $390.
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