Yesterday i bought Google at 414$ for a quick upward bounce. I was hoping to sell it around 440$ level with time frame of 3-4 days. However Google made a 20$ jump today closing at 433.75$. I decided to take profits. Nothing wrong in bagging 4% profit in 1 day. I sold off before my price target of 440$ because it was hard for me to gauge price movement we had today.
Is this a trend reversal or a dead cat bounce ?? Not sure. It looks like a solid move upward with good volume and maybe i sold premature. Lets see how it plays out tomorrow.
For now my winning streak continues with recent trades being GOOG, RIO, KGC, TOL, ROCK and RSH.