Saturday, March 03, 2007


GOOG seems a good Call play for near term. It closed at the 50% retracement of 538$, just filled the Oct.20 gap. Both CCI and Bollinger bands indicate a rebound is due. A down side support is the MA200 at 432, and up side resistance at 456$ or 38.2% retracement. Risk/reward ratio is 1:3.

If the stock opens low next monday, it would be a great opportunity to long.

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