$GIN should get a bounce somewhere around these two support lines. The best positioned for a bounce is GOOG which is sitting on or near gap support. Today was a very narrow range day for GOOG as it flat lined most of the day. Could be an ideal setup for a bounce. Other names in the sector which are well positioned to move higher if a bounce comes about are AMZN (above $38.60), YHOO which got a bit of a headstart today but has lots of room to move higher, and BIDU in sympathy with GOOG.
Wednesday, February 15, 2006
Internet Sector Oversold - GOOG, AMZN, YHOO, BIDU Best Candidates for a Bounce
$GIN should get a bounce somewhere around these two support lines. The best positioned for a bounce is GOOG which is sitting on or near gap support. Today was a very narrow range day for GOOG as it flat lined most of the day. Could be an ideal setup for a bounce. Other names in the sector which are well positioned to move higher if a bounce comes about are AMZN (above $38.60), YHOO which got a bit of a headstart today but has lots of room to move higher, and BIDU in sympathy with GOOG.
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