Sunday, November 18, 2007

Bullish technical pattern for Google (GOOG).

In the beginning of November Google (GOOG) reached $750 but after shares dropped to $630.

It seems there is a support on $625 (at 50 days moving average). Last trading day Google crossed over but return back before closing bell. Candlestick has created technical pattern "hammer".

I open long position with protective stop loss slightly below $625.


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