GOOG In Depth

While this chart may seem a little simplified for many, that’s how I roll.

I could make it much more complex but I find that the less noise, the better I can trade as my mind is clearer and truthfully, keeping charts simple works, so why change it?

GOOG is a leader and fast moving high beta stock that looks set to move higher again soon, but a little consolidation of up to 5 days would be very welcome and very good for the stock.

We could see $680 tested and that could be a nice area to begin a long position from.

It would give GOOG the needed rest, hence power, to move to the next resistance level at $740.

As always appropriate stops are to be used since nothing works every time.

Hope this helps some see what I’m seeing, or clears some things up for some of you.

Until GOOG breaks higher, I have no problem watching it and waiting.

You can really make a huge returns focusing on the daily charts and just trading when proper setups occur.  You DON’T need to trade everyday.

Subscriber to my daily updates which always includes GOOG along with many other charts who are setting up for a move up, or down!

2 thoughts on “GOOG In Depth

  1. How are you making money in this market? I’ve been trading for over 12 years and if I don’t sell a stock about one to three days after buying it, I end up losing money on the trade. I’m finding it very difficult to trade at all the last 6 months.

    • You just answered your own question!
      Being quick and adaptable has been key this year with really only a couple good times to hold trades for weeks.

      To me it looks like we are soon to see a good swing trading opportunity into the end of the year, but time will tell.

      2012 has definitely been a challenging year but because of that I think I’ve learned more about myself and markets than any other year to date!

Leave a Reply

Your email address will not be published.