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Wednesday, September 17, 2008 

Trade Idea for Thursday - Google

Chart courtesy of stockcharts ( click to enlarge )

GOOG - Hold with a stop-loss at $406.08. If stock breaks this level then the stock can head to $400 and if this level is breached then the level of $375 is visible. Fresh exposures may be avoided, as the short-term outlook is bearish. A close below $406 would impart further weakness and a subsequent test of $400-375 is not ruled out. The trend would turn positive only a close above $450. Long positions may be considered on a daily close above this level.

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. See you tomorrow !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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