GOOG IN NO MANS LAND
GOOGLE is in a weird spot at the moment. It's recently broken out of its monthly wedge @ 150, hit ATH near 200, and is back at the key breakout level, 150. until 167 is broken, it is hardcore chop between 150-167.
MACD still hints selling can get much worse.. if bears keep the pressure, 135 and 126 are buy the dip zones.
Loading up here at 150 is a bit riskier, as the chart is still top heavy and looks ugly.. but a blue chip stock like google, the risk/reward might be worth it.
MACD still hints selling can get much worse.. if bears keep the pressure, 135 and 126 are buy the dip zones.
Loading up here at 150 is a bit riskier, as the chart is still top heavy and looks ugly.. but a blue chip stock like google, the risk/reward might be worth it.
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