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GOOG today
- Thread starter Walther
- Start date
Quote from optioncoach:
GOOG is still trading within the bearish flag/wedge that has formed over the past few weeks on the daily chart after the drop off from $450 or so.
Today's high pretty much came within $1.00 of the upper range of the flag/wedge and stopped. Before taking a position, see if it will break out over $403/$404 and stay above before going long.
I would not be surprised to see GOOG push back to $390 if the breakout fails.
Blah blah blah
i am long from 397 and making easy $$$
Google doesnt follow conventional TA patters (bearish wedges).
I easily see a target of 500 ...and 540 easily
Quote from stock_trad3r:
You guys are overnanalyzing it
THERE WONT BE A BIG SELLOFF
WALLSTREET LOVES GOOGLE
If you go shorrt you are suicidal
It up 2% today..none of that symetical triangle wedge BS..just hold and make $$
Once you trading little bit longer you will learn that 10% sell off is not that BIG SELLOFF and happens quite regularly. You should not be scared to go short,if situation warrants it. Watch 405 level and try to find short opportunity.
Quote from Walther:
Once you trading little bit longer you will learn that 10% sell off is not that BIG SELLOFF and happens quite regularly. You should not be scared to go short,if situation warrants it. Watch 405 level and try to find short opportunity.
I see 10% selloffs quite frequrntly as well, but google nas NEVER had a single day sell off of more than 8% or so.
Usually google sells off 1-3% a day.
There was continual selling in January/feb form 470 to 350 but that was because the stock was overpiced and earnings report was subpar.
I will go short when there is some bad press about clickfraud, advertisers pulling out, decreased revenue/growth, etc but at this time the technicals aren't that important. There is too much news and hype surronding google now and it seems that going long will make you more money. Just ride the trend and go short when things go sour.
Quote from stock_trad3r:
I see 10% selloffs quite frequrntly as well, but google nas NEVER had a single day sell off of more than 8% or so.
Usually google sells off 1-3% a day.
it seems that going long will make you more money. Just ride the trend and go short when things go sour.
I did not know that you are daytrading it .
I was referring to a swing trading GOOG. You are right about he trend, of course.
yea..all that TA is just Bull..buy and hold goog MAKE S000 MUCH $$$.
everyone loves goog! wallstreet analysts EVERYONE LOVES GOOG AND CANT SAY ANYTHING NEGATIVE ABOUT THE STOCK SO IT WILL GO TO 500 AND MAYBE 700 IN A YEAR.
Dont fight the trend. You will lose your A$$ if you do.
everyone loves goog! wallstreet analysts EVERYONE LOVES GOOG AND CANT SAY ANYTHING NEGATIVE ABOUT THE STOCK SO IT WILL GO TO 500 AND MAYBE 700 IN A YEAR.
Dont fight the trend. You will lose your A$$ if you do.