Want Google Stock? Here is Your Chance
Google, GOOG closed today at the 50 day moving average, key support line for the stock as it has trended up over the last few months.
The stock closed today at $685.19. If it opens above $685, you can buy and place a stop loss below today’s low of $677.73 as a safety net. My first target price would be $695.
Click to view, click again to zoom
Bigtime 50 MA support, as clear as water.
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Posted by Blain Reinkensmeyer on January 2, 2008 at 11:30 pm --
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I’ve been watching GOOG for a couple months and agree about the 50 day moving average acting as support. I’m still getting my feet wet with reading stock charts though. I see a triangle formed over the past two months (nov. 7th) which has not been broken yet. Do you see it too? Looks like it will come to a point in another week or two. I think it supports your post here because if the price bounces up again, it would satisfy the triangle and the moving average. Also, you can extend the lower half of the triangle all the way back to August 16th. It also looks like support, just like the moving average. Thoughts?
Interested to see your chart, shoot me an email if you can.
I read the whole report done by Credit Suisse First Boston, they are predicting Google at $900… it may really be our chance to buy it!
This is insane, utterly insane