Trade Idea - GOOG
Monday, January 28, 2008
Google shares were down today more than 1.8% to $555.98 with more than 5.5 million of shares changing hands. Stock closed below its 200-day moving average for the second time this month, creating another Bearish momentum around investors. Looking at the daily chart, stock is trading below major its moving averages. A clear picture of weakness on stock is being given by MACD, with their value below 0 and by RSI currently in the bearish territory. So, the next level of interest to watch on the downside will the support around $550. Keep an eye on her.
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.
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
