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Tuesday, March 06, 2007 

Google comeback

Chart courtesy of stockcharts

Shares of Google rose more than 3% to 457.55$. The Web search leader’s CEO said Tuesday that it will take time for its recently acquired YouTube online video-sharing service to become a major source of sales and profit for the company. The technical chart shows weakness as the stock is below 50 dma and MACD below 0 , however today stock has gained some momentum after broken 450$ the previous support. To the upside the first objective is the trendline at 470.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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