YHOO broke out solid this time fueled by good earning report.
GOOG will be retesting the previous high tomorrow.
After a pullback, MSFT resumed upward movement from its recent breakout.
Overall, the tech-heavy QQQQ still has a lot of work ahead.
INDU faces the resistence around 10388.
Tag Archives: Goog
Charts on INDU, GOOG, HNP, QQQQ and LOW
Previous support at 10600 has become the resistence here. All longer term SMAs are pointing downwards, but SMA 5 is pointing sideway or flat. Obviously some good news would help to break the stalemate.
GOOG’s volume has been low. Friday was a down, but volume was very low compared to the up day on Thursday. Not too many sellers and it’s bullish sign.
Waiting for something to happen here.
Maybe we will see a cup forming here next week or so.
A good entry to long LOW if the support holds. The extremly high selling volume might indicate that most sellers wanted out were out now.
GOOG continues to move up
GOOG is approaching the 200 level again.
GOOG bouncing back
GOOG is bouncing back but at much slower pace! The recent resistence has become the new support. The new resistence is around 199.
GOOG
GOOG closed at the previous resistence and new support at SMA 20. The spike on the intraday was probably caused by short-squeeze, but it did’t follow through at close.