Thursday, January 21, 2010

Google Has A Fibonacci Retracement Support Level at 540.30


Google had earnings released after the close today and promptly traded as low as 549.00 after hours. As you can see from the charts, GOOG broke a trendline in place off the July 2009 low of 395.98 . Using a Fibonacci Retracement it looks like our first support will be at 540.30 .

No comments:

Post a Comment