Estava aqui a ler o WrapUp de ontem no site www.financialsense.com, desta vez escrito pelo Martin Goldberg, e resolvi copiar aqui para o fórum o excerto de texto que ele dedicou ao actual momento técnico da Google.
Espero que seja do teu interesse...:-)
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Google
It seems that it is likely we will know something about the sustainability of this rally soon from the chart of Google. Below is a daily chart since its IPO.
Note that consistent with classic technical analysis principles, the gap formed in mid-October appears to have been a “runaway gap.” The appearance of the runaway gap typically suggests completion of ½ of the up move at a minimum. Such a move has been completed. Last week on the news of their “wonderful” first quarterly earnings report, Google gapped up at the open. The last 4 days, Google has consolidated into triangle pattern. Tuesday was an “inside day” from the candlestick which has bearish implications. Today’s action was pretty close to an indecisive day finishing up a mere $4.17 per share, and also with another day “inside” the last long white candle. Google has failed to make a new high for four straight days – unusual for Google. Volume decreased again for the 4th straight day.
The last (large) gap may be one of the following:
A common gap. Common gaps are filled, which should take Google to about 150, which would probably motivate Wall Street analysts to declare it a value stock.
A run away gap. This would take Google to over 350 or so.
An exhaustion gap. This would likely put Google in a downtrend.
The beauty of this formation is that the resolution of the triangle will likely determine the short-term fate of Google. Note that I am not advocating a position in this speculative stock, but merely to point out that the fate of a rally is oftentimes tipped by the rally leadership.
Today’s action in Google brought a move to the upside of the consolidation triangle shown above. The high made a week ago was approached today, making it to within 4 pennies of the all time high. Could the gap above be a run away gap that carries Google to the 300’s? Anything is possible. In March of 2000 the Nasdaq was over 5,000. If Google does go to the 300s, it will have to close decisively above its all time high (194.43). Can you stand the excitement? According to Yahoo Finance, there are about 90-million shares of Google in the float, and the stock trades an average of about 15 million shares per day. If you do the math, that equates to an average share “hold time” of about 6 days for the average floating share of Google! So is this a speculative stock?
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