GOOG Inc Trading Idea and Stock Analysis. Last Price. $504.89 12-18-2014.
HI mates, how you doing?.
With the russian currency going down like and elevator, the Greek politics and the oil estable more or less at 55$. The Fed said yesterday good news about the USA economy and the interest rate hike would be at may or june. I expect a delay christmas rally.
Anyway let´s analyze Google. Actually this stock is really oversold.
Let´s see the DAILY Chart.
Supports and resistances:
S1:$507.30 S2:489.88 R1:$539.31 R2:$561.51
RSI: is at 33.61% going out the oversold zone.
MACD: Below zero and below signal. However is very close to zero and it´s probably will cross to the upside in a few days.
The Stochastic is at 16% inside the oversold zone. In my opinion this stock will rally in the next sesions.
As you can see the price is inside a downtrend channel. 2 days ago the price touched the bottom of the channel and yesterday started the bounce.
I think is a good stock and today we have the oportunity to buy.
There´s a confluence area K [526,68; 540.21] that we can use as a target zone.
I have calculated the main targets too:
TG Ext: $572.48
Yesterday the stock closed very close to the 507 support. In my opinion the price will blow this support during today sesion and then will reach the main targets.
I think will arrive to the first target easyly. At this level I will analyze this stock again.
Remember to click on some ads before you leave this blog in order to maintain it. If you want to subscribe to this blog signals, please contact with me via email. ( cost per month 20$ 4 trading ideas/week). Thank you! :) have a nice delayed Christmas Rally :).