GOOG (Update)
I'm still looking to get short GOOG if GOOG breaks the 477 support level...My reasons were made clear last week.... basically a failure to make a new high with the market on this last push up, MACD divergence sell signal and the weekly trading range has been contracting which usually leads to a sharp move...I think that move will be down..
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2 comments:
Do you think the fall will fill the gap down in the 430 range?
Yes, I think goog can go down to 450 but the 50 day moving average is at 470 so I'd like to see how GOOG handles the moving average. If GOOG can close below the average, then I'd look for 450..But first lets see if GOOG can even get below 479...
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