Wednesday, March 19, 2008

Buy: Goog (439.16) suggesting initial bottoming potential
















Rationale: Goog has held 412 bottom and reflects buy divergence for runup to 458.25 (20 day MA). Expect range bound action with break above 447 to confirm upside.

Target: 458.25, 483.85 (1st Fib)
Stop: 419.75