Trade Idea for Thursday - Google
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.
That's All. See you tomorrow !!!
AC
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
Labels: GOOG
