Google bounced off the rising support and rallied for 6 points off its lows to close at 774.85 (-8.20). This is the second trading day below the lower bollinger band, RSI 35 and 4 straight days of selling pressure. I like Google here for a bounce, possibly 10-20 points. I’m not saying Google takes out its highs from here, as it has a negative divergence on the weekly chart. However, I think this is a short term oppurtunity to take some on the long side for a quick trade. Disclosure: Long May 03 1013 770.0C 25.60.