GOOG Not Out of the Woods Yet

GOOG is by no means out of the woods yet - this stock is clearly in a distribution pattern if I've ever seen one.

There is a clear support level for this stock as it bounced for the third time.

If that breaks at $841, the bulls are doomed. Ok, not doomed, but they stand to lose a lot more on their position. So draw a red-line and know where you will bail if the stock crosses it (just don't let Obama draw the red-line - God knows he can't do that). 

Here's the Google (GOOG) technical analysis

Google technical analysis 



Get Ryan's Top Six Trade Setups for Profitable Trading eBook for Free!

twitter-button  stocktwits-button  facebook-button  rss-button  email-button

part-time trader 300x250


This site is an independent Web site (it is not affiliated with Google). Google is registered trademark of Google. Stocking Google's desire is to fully understand the company and everything it has to offer, and we want to learn as much as we can about this company and share this information and opinions about the stock.

Click here for more information about this Website and a full disclosure statement.

Splash Zone