After the CFO's disastrous comments, GOOG has gone into full recovery method, pushing the stock back up to the high 300s, only to see it tumble again yesterday:

So what is in store for the media giant's stock?

As you can see on the 20-day chart above, GOOG has hit major support at 364, breaking the downtrend.

The GOOD News: GOOG will likely bounce here and possibly recover back to 380-390.

The BAD News: If support fails here, the next stop is 340.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.