Technical Analysis
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- Stock Picks and Trade Ideas for Tuesday - PMCS, RFMD, BIDU, GOOG
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Chart courtesy of stockcharts ( click to enlarge )From my point of view I think Google may break down here. This stock is slowly but steadily coming down on each passing day. The stock closed fractionaly above the major support at $525, but any close below this level could have further negative implications for the stock, and a move to $460 cannot be ruled. At this time the stock is still trading below both 50 day and 200 day moving average showing weakness on the stock. In addition, falling MACD, now below 0, also indicates bearish trend. Stay tuned on it. …
Fuente Original
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30 Junio, 2008| Technical Analisis |
@ 13:03
