Today we'll analyze the Stock GOOG for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 460.56$ (03/24/08) to 438.08$ (03/28/08) a 22.48$ move
2- The current bullish trend started from 438.08$ at 03/28/08 and is currently trading at 465.71$.
3- The stock current support level is at 460.56 which is the 100.00% fibonacci retracement of the last 22.48$ move.
4- The stock current resistance level is at 466.67 which is the 127.20% fibonacci retracement of the last 22.48$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 438.08 and 419.87, and is currently supporting at 442.632.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 534.62 and 710.84 that was broken up at 439.84 transforming into a supporting line.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 718.42 and 741.79, and is currently resisting at 641.197.
Conclusion:
GOOG was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 466.67, 474.45, 641.20.
Support Levels: 460.56, 459.19, 455.16, 451.97, 451.89, 449.32, 448.63, 446.67, 443.39, 442.63, 438.08,.
We Moved!!
Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Thursday, April 3, 2008
Google Inc. (GOOG)
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
1 comment:
bad call here... you should look for earning reports in near future.
Post a Comment