BATS:GOOG   Alphabet Inc (Google) Class C
I view the chart of GOOG as vulnerable (again) to test the support level down at 570 to 550.

The heavy resistance area on the chart is just 1.5% above current prices and the support level is down 7.0% for a 1:4 ratio of upside potential to downside potential.

I will keep an eye on news as clearly the Facebook IPO is having a major effect on the trading in GOOG , but their acquisition of Motorola Mobility could help them grow their business substantially going forward. For now, the support looks like it could be tested.


10:34AM 611.75 last GOOG
May 22, 2012

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