Wednesday, November 21, 2007

Technical support for Google (GOOG) and Ebay (EBAY).

At previous post I set technical support for GOOG at $625. Google share prices rebounded this week to $660. Also the highest target price upgrade ($900) done by Credit Suisse helped shares to lift.

Another big tech name in my long term portfolio Ebay is setting up for rebound. From last Q3 release shares went all the way down from $42 to $31 today. Significant 25% drop in only 35 days. The results were better than expected but one time Skype write down triggered all this bad. I am looking at MACD bullish crossover. But before I'd do enter position I am watching closely at broad market indices trading close to support levels.


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