Google: Is This Dip Putting It Back on the Buy Radar?Alphabet Inc. Class CBATS:GOOGDukesMarketAnalysisThe Heat Has Come Out Google has pulled back considerably since the fakeout and bearish engulfing candle near $381.81. After such a strong run earlier in the year, the retracement is beginning to bring price back towards a far more interesting area. Important Confluence Below The 0.618 Fib sits around $322.32, with the rising 50-week EMA just beneath at approximately $315.69. That creates an important area of confluence should the current pullback extend further. Bulls Have Work to Do Before getting too excited, Google still needs to show that buyers are returning. The initial resistance sits around $348, and reclaiming that level would be an encouraging first step towards repairing the recent weakness. Momentum Remains Neutral RSI continues to chop around the 50 level, while StochRSI is mid-ranging and volume remains relatively neutral. There is little indication of strong momentum in either direction for now. In Summary Google’s pullback is beginning to make the stock more interesting after its powerful run earlier in the year. The area between the 0.618 Fib around $322 and rising 50-week EMA near $316 stands out as particularly important should price continue lower. Momentum remains neutral for now, so there is little need to rush. However, if buyers begin stepping back in around this region, Google could quickly move back onto the buy radar.