24 December 2007

24-12-07 : The aggressive strategy for GOOG

GOOG move fast. Its not for the faint hearted. We will attempt to capture profit in this fast moving stock this time.

The indicators are as below :

Daily chart
==========
(1) Candles - neutral (a spinning top after 2 white)
(2) Box - bullish (650-750 box, now is 700, at mid point, but uptrend)
(3) Channel - bullish
(4) OBV - bullish (uptrend)
(5) MACD - neutral
(6) Bollinger - Bullish

15min chart
==========
Channel - bearish
MACD - bearish

15min chart indicates that current price 695 is not a good price to long.
We need to wait for retracement.

strategy
========
At 12am tonite :
Long at 682 if retrace to 680 level.
Long at 702 if break 700 up.

daily with channel
=================


15min
====

No comments: