Last time we put 775 is the downside target from $840 first target 800 has been achieved and now the second is almost there. Time to sit back and wait next trade alert. Join us woowtrading.net
Past instances of the 10MA Crossing Down Through the 20MA has led to substantial pullbacks in the past. Also worth noting that through out this rally the 10MA has managed to stay above the the 20MA so a crossover here may be an indicator of more downside if history repeats itself.
Today's performance was not bad, price did not close below Feb's buy point which failed to extend the next leg up but did well and now retraced back to that buy point though it violated briefly early morning as the general market did. Price opened weak, but recovered mid day and closed right at previous paying point $808.97 which now acts over head minor...
Goog has currently a Ascending Channel and the RSI is in a bullish mode. MACD also indicates a positive divergence. The balance sheet of Google looks really good. Keep in mind that they also have a nice emerging market exposure which is really good for the growth of the company. finance.yahoo.com
finance.yahoo.com
