GOOG Stock Chart Analysis

My sense is that they didn’t beat by enough. It’s a very strong quarter but I think that people wants more…….This is the reason why the stock don’t go up more fast in After Hours……

AC

The weird thing is that the stock is still trading within the triangular consolidation after hours. We’ll see what happens after the Conference Call is done and analyst coverage early morning tomorrow. Google’s future looks good, though, especially with Google Checkout.

While GOOG didn’t deliver a blowout earnings report, it is important to consider that YHOO, their main competitor, missed completely.

Dramatically trouncing the competition in a bad quarter is a sign of relative strength in GOOG.

Also, Frank brings up a good point about the analyst. Lookout for any upgrades and downgrades on GOOG tomorrow because that will dramatically affect the trading range.

This symmetrical triangle could break on the downside too.

I agree that they did not beat by enough to justify their high forward PE. Their QoQ growth is 7% or about 30% annually. Not to mention the irrational overall pessimism and jitters of the market. The low AH bounce (almost flat) suggests to me that down is more likely than up.

If it does break on the downside which will be the point of no return (385?) and what would the support be if a steep drop is to follow?

Thank you

You completely ignored the 50 and 200 dma break on thursday. GOOG should be shorted here.

Oh youre right… I didn’t see the 50DMA and 200DMA breakdown b/c I was on the weeklys.

Yeah definitely GOOG will need make it back above its 200DMA in order to be considered for a long setup.

I agree with the short call. Notice how volume picked up a bit on the last move down. Last 2 days have tried to move up but volume has declined. Break of trendline would be initial short spot. If it breaks that and pulls back towards it would be 2nd short spot.

Indeed it is a good stock chart analysis. Besides stock there is a need to Stop debt collector harassment.