April 7, 2011

GOOGLE Stuck between moving averages

  • Google daily chart with 50 and 200 day moving averages. Price seems to be moving withing these two moving averages. So a bigger move will happen once this range gets broken.
  • Next daily chart shows a descending triangle kind of pattern. One should look for a breakout from this pattern and confirm it with a break above 50 or below 200 to enter a positional trade.
  • Today is the first birthday for my Blog: CLICK HERE TO SEE THE BIRTHDAY POST

No comments:

Post a Comment