Chart Request: Google, Inc. (GOOG)
Steve wanted me to take a look at Google. Monday, in the DaytradeTeam trading room, I said that I thought it was destined to hit $500 in short order. Once it broke the old all-time high of 475, I figured that a short squeeze could easily push it several percentage points higher to the $500 level. I didn’t think it would get this close to 500 quite this fast but here we are.
The million dollar question is what happens after it hits $500. My guess is that it will probably run to $500, do a nice upthrust just to trigger all the stops at that level and then pull back. The stock …
tagged: Bollinger_Bands, Google, On-Balance-Volume-(OBV), Stochastic, Technical Analysis and Upper-Bollinger-Band
