July 15, 2011

Resistance Lines of GOOGLE

  • Google moving higher because of its good results.
  • But stock is trading near its weekly resistance lines.
  • So this up move today may get extended till 628 levels. First weekly resistance line comes near 628 and if the resistance line in weekly chart gets broken stock may target 650 levels.
  • I am expecting this up move to get exhausted near the first resistance line.

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