July 1, 2011

GOOGLE Hits 50 DMA

  • Price hits 50 day moving average.
  • But it is yet to touch the down trend line shown in daily chart.
  • If price Closes above the down trend line and 50 DMA This up move may target 545 level.
  • If price is stopped by the trend line and closes below 50 DMA then we may see another correction.
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