GOOG charts 11/30/2007

GOOG leads the rally in premarket, up $10 in PM. $711 is the point of control or the value area bassed on two months timeframe, the pink line, it is the resistence.

GOOG 11/30/2007

Follow the breakout over $693 yesterday, the bullish breakout pattern shall continue on GOOG, there is no resistence to $710, it shall head to $710s in a striking way.

If anyone is interested, I can post my intraday price movement predictions in more details and microscope.

GOOG Trading 11/29/2007

GOOG is now trading at $692s, this is the resistence area, looking for a heck of trades and consolidation in this area, also expect many shorts jump in. However, if it breaks $693, we're talking about another breakout, next resistence is at $720.

GOOG today's action 11/28/2007

GOOG is riding the uptrend all day long since the market open, closed at HOD on a pretty good trend. You see blue candles all day long. It is closed at the resistence around 692 - formed a little double top. If this resistence persists, we are looking , for $680 and 672 for supports, otherwise, a breakout and continue the daily/weekly/monthly trend.

GOOG monthly, weekly, and daily charts

Daily trend is up (clear blue sky candles):


Weekly trend is up (1st clear blue-sky candle):



On the monthly chart, GOOG is obviously still on the uptrend, the red line (10 period) MA is the support, blue-sky candles - uptrend.

The trends

First, we need to look at GOOG's long-term trend, the long-term trends always override the short-term corrections.

Long-term - means on the monthly/weekly chart, the stock has either higher high higher low for uptrend . The trend shows up on my charts as blue sky candles. On downtrend, the candles shows bright red.


We need to look at GOOG's monthly chart, weekly chart, then daily chart and hourly/tick charts to give it a microscope analysis.

How to trade GOOG stock?

I will post my tips on how to trade GOOG. I'll post a few charts daily before the market open, I'll add a few technical analysis/comments on GOOG. Supports/resistences, as well my prediction on where it goes in the next couple days will be presented. I hope you enjoy this blog!