GOOG Overbought
Sunday, September 30, 2007
GOOG shares have traded very well in the past week, making consecutives historic highs. Looking at the daily chart above, it seems to me that stock maybe able to pull back some points to regain some strenght to move up again, due to the fact that is presently trading in Overbought conditions, so at these levels for sure, the selling pressure will increase. So, keep an eye on GOOG in the week ahead.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: GOOG
