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Google WEAK-ly

Posted on June 13th, 2008 at 09:45 AM

(GOOG) is showing the same basic setup as many of the major stocks right now. The Daily charts of so many stocks are showing continuation BUY patterns. (GOOG) is showing this as well. It triggered a buy signal on the Daily chart around the 27th or 28th of May. Since then, it has behaved like everything else: it's up, it's down, it's up...etc. It has yet to reach its full potential up to the MOB on the Daily chart at a price of about 615.

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