Monday, April 27, 2009

Google Trading in Symmetrical Triangle

Check it out - Google is forming a symmetrical triangle. These triangles are technically a consolidation pattern meaning they could move either way, however there may be a slight tendency to continue bullish. However the good news for the more aggressive trader is you can enter a trade as soon as the triangle is broken. The best thing about Google is once it breaks - we've got some great profits to be made.

If you'd like to know how to make your own analysis like this sign up for our Foundations of Stocks and Options class starting TOMORROW!

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