GOOG Symmetrical Triangle
By Johns Wu on Jul 11, 2006
GOOG, Google Inc, has been making lower highs and higher lows on weekly stock chart. This is a symmetrical triangle stock chart pattern.
If GOOG can breakout of the descending yellow trendline on good volume, that will be a bullish signal.
This entry was posted on Tuesday, July 11th, 2006 at 3:46 am and is filed under Annotated Analysis.
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3 Responses to “GOOG Symmetrical Triangle”
By Anonymous on July 12th, 2006 at 6:40 pm
i work at google, i don’t know how the company did, i have no “inside information” all i can say is i had my best sales quarter since i’ve been there and the people i work with in the ny office can say the same.
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I am taking a bearish outlook on goog….
If Goog can’t get through its resistance here on volume.
The economy is weakening and goog needs growth to support its high multiple. The growth in the world is slowing… and japan is hiking rates.
Insiders are selling like mad still and I read that this quarter their options expense will increase more then before because of performance gifts etc.
Be careful….