GOOG found support today at 23.6% retrace 2004/2006. That is a key number (385), since it is also current trendline support. 200 dma is at 390.70 and the stock cannot play around to much here or risk diving very quickly to the 360 area. If it holds above 390, watch 404.50 resistance. The stock is back in bull mode above 410. A resolution out of this triangle is imminent.
This entry was posted
on Thursday, July 20, 2006 at 5:04 PM.
