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Google's Price Bubble Bursts - What's Next?

All price bubbles burst eventually and Google's (GOOG) was no exception. Google is down 30.45 percent from its all-time closing high of $741.79 set on November 11, 2007. At $515.90, Google is below its upside price channel and just above the top of a key support zone (pink area on chart) from $500 to $350.

GOOG is a volatile stock with more downside likely, so select your entry points very carefully.


Related Articles:

Anatomy of a Bubble Top
Google Trades in Downside Support Zone
Price Patterns - Support Levels May Constrain Price Downsides


Posted February 4, 2008.


 
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