GOOG Pivot Pt
By Johns Wu on Feb 15, 2006
GOOG has been getting hammered ever since last quarter’s Google earnings call.
GOOG is now flirting with an important pivot point. If it breaks this support, shorts may rush in to "fill the gap." Look for GOOG to make an important move around here and the 200 DMA.
This entry was posted on Wednesday, February 15th, 2006 at 7:38 pm and is filed under Annotated Analysis.
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2 Responses to “GOOG Pivot Pt”
By C! media on February 15th, 2006 at 11:43 pm
I don’t like this stock one bit, anymore.
Unless the TIME magazine reverse indicator proves right once again, there are too many question marks surrounding this stock.
People used to think google was the ish, then they woke up and realized –’holy smackers, batman — 99% of revs come from advertising….!”
you make some great points about the chart — we’ll be watching.
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Support will likely hold until post Friday’s OE. Next week, could see sub-300s, imo.