Trade Idea - Google
Wednesday, November 28, 2007
Google shares are very active today after company said that it plans to invest hundreds of millions of dollars, in renewable electricity initiatives in an effort to make clean energy cheaper than that of coal-fired plants. According to the Wall Street Journal, the company plans to facilitate, through investments in projects and companies, the building of power-generating facilities that can produce about 1,000 megawatts of renewable electricity. Looking at the chart of Google, stock has found many difficulties to break the major resistance at $675, however and according to the indicators in the chart, the strong move should appear soon, because all indicators are now showing some strength, which will facilitate the break of this wall. So, keep an eye on Google for a possible breakout and close over $675.
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