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Thread: GOOG Google, Inc. - GOOG
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  #4 (permalink)  
Old 09-30-2008, 01:18 PM
Naamplao Naamplao is online now
Senior Member
 
Join Date: Jan 2008
Location: Alberta, Canada
Posts: 125
Default Re: Google, Inc. - GOOG

Well we headed into uncharted territory here is the sharpchart GOOG - SharpCharts from StockCharts.com

The BB's tightened a bit but not a great change...they look to be closing again and we are on the wrong side of the 20dayMA...no improvement in the overall look of the chart...it still is bearish

Here is the P&F chart



We have an uptick today, of course, but that former support level at $415 has now become the resistance level and at the time of writing we are stalled there....this is a pretty strong resistance now and it will be hard to overcome in the short term.

$385 is the new support....by default really since this is uncharted.

The 5 day Yahoo line chart



Shows the share price running out of momentum as it hits $415...I see it testing but falling back...It will be a while before this line breaks IMHO.
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