StockBuz Chart Gallery

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• Admin

  StockBuz April 14, 2010 at 5:06pm

  Update: This from flyonthewall on the eve of earnings "BULLISH CASE: On the weekly chart, there is a potential bullish cup and handle that will become active on a breakout above $588. Upside potential is to the $650 area. On better than expected news/outlook the stock could trade to the upper limit of the bullish price channel at $593. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $597.61, $602.45, $616.02, $629.51, $641.41, $652.50. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $584.21. On a bearish breakdown below the price channel the following support levels would become downside objectives: $581.96, $579.10, $561.64, $544.46, $528.24, $519. NOTE: Small short-base at 1 day to cover, with 1.4% of the float short. Traders are positioned for positive news. Reactions on a surprise, especially a negative one given the small short-base, have a high probability of being extreme in duration and price. Higher gap risk. :theflyonthewall"
• Admin

  StockBuz April 10, 2010 at 6:16pm

  4/10/10 GOOG looks very close now to a possible upside breakout but don't assume anything. Wait for the breakout w/volume b4 jumping