timwest

GOOG vulnerable

BATS:GOOG   ALPHABET INC
874 14 4
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.

Cheers.

Tim
10:34AM 611.75 last GOOG            
May 22, 2012
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timwest PRO
4 years ago
GOOG is working nicely here and the chart certainly looks ugly enough to encourage longs to re-think their position.
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sbokov PRO
4 years ago
chrome OS, chrome book? http://thenextweb.com/google/2012/05/29/googles-goal-with-chrome-os-chromebook-and-chromebox-speed-speed-speed/
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Algokid PRO sbokov
4 years ago
so basically have a web browser as a OS ? Will be tough to convince windows users to switch. And what about computability ? Interesting concept but we 'll see if it will take off . Chrome as a browser is just fine
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timwest PRO
4 years ago
GOOG has made it to the 570 level, leaving little remaining on the table. The best part of sharp market corrections is that it sets up plenty of great trades and once things bottom out, those trades usually have much less risk than going short at market tops. Cheers. 10:46AM EST Friday, June 1
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