AI
Friday, April 20, 2007 8:20:12 AM
GOOG is trading up above resistance after good earning. However, EBAY as an example, traders were selling the breakout from triple top with good news. Again this is a warning sign.
Until proven otherwise, being skeptical about breakout is a good thing. A few big hedge funds can take individual stocks up and down.
With good price action today, GOOG will retest 513 and good sentiment on internet if we see higher AMZN report, it will breakout as AMZN and EBAY trading above breakout level again.
Until proven otherwise, being skeptical about breakout is a good thing. A few big hedge funds can take individual stocks up and down.
With good price action today, GOOG will retest 513 and good sentiment on internet if we see higher AMZN report, it will breakout as AMZN and EBAY trading above breakout level again.
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