Tuesday, April 26, 2011

GOOG

GOOG looks like it's starting a cycle up, most probably to fill some of that big gap. It's still pretty early on so it may be worth a look for you.

 30 mn positive divergence

 15 min positive divergence and the start of a move up from what appears to be an accumulation cycle, so it's pretty early to catch it with some confirmation.

As you can see, there's quite a bit of room to fill the gap. With what appears to be about 4 days of positive divergences, it could be a decent little run and it's close enough to support that the risk isn't high and the price has started moving so the probabilities are pretty good.

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