Is Google a Buy?
Hubert Senters 1/24/2012
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There has been a gap down in Google. In the previous gap situation, it ended as a partial fill. This most recent gap is from 640 to 585 and happened when earnings came out. This gap could potentially fill. It might also go down though if it stays in this downward momentum. . Hubert uses the Fibonacci retracement tool to find the target levels: 610 for half, 640 for full gap fill. If it goes down, it will go to a level of support, either 535 or 511 based upon the long term trend on the weekly chart. There is a webinar tonight with John Carter about how to grow a small account. It is Tuesday at 8:00pm
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