Real Time - Google Technical $484 Broken Predictions
First off I hope everyone had a great weekend. Cutting to the chase, if you have been watching Google (GOOG) today and can see its intra-day activity, you will find that at 12:23 PM (or about 3 minutes ago) the stock fell under $484. This is a huge technical support line for the stock, and as a result it is bringing down the S&P500 which now actually just fell back under 1400.
Where this will put Google shares 3 hours and 30 minutes or so from now is anyone’s guess, but the stock is already in a very “delicate” situation to say the least. A close under $480 today on higher volume would signal bad news for GOOG looking from a technical level.
Happy Hunting.
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Posted by Blain Reinkensmeyer on December 4, 2006 at 12:30 pm --
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