It would take a serious geopolitical issue to flare up and/or overall market tanking for other reasons to get goog to go that low. In that case, you'll have to worry about more than just goog, like yesterday when the market tanked. If goog earnings disappoint next week, the tanking will continue -- but this is highly unlikely. The biggies now, other than continued earnings expectation revisions market wide, is the on-going and possibly deepening geopolitical issues. How can a growth stock fly under those conditions? Those issues would have to be subdued somewhat, on the back burner, not in the spotlight, etc. These may be very volatile times for the market. It's a coin toss as to how the market issues are going to play out
Since you talk TA, I have a thought. I'm bearish on GOOG, but it's clustered around 400's, and also it's down on the (a) wave of the Elliotte wave, I suspect that it'll have at least 1 more spike and maybe will form a double top before it resign and sell for real when the annual market tanking to be started in mid March and bottom in April. LOL.