Agree short term, May drop with the 20% market correction thats coming but will be $40 within a year. Ad revenue will be rocking. Growth will be rapid in the rest of the world for several years. Latin america is exploding as will Asia. Don't worry too much about the US because even though the market here is stable targeted Ad revenue will increase. Also look for more aquisitions to bolster business.
disclosure: i'm short st-options. that stated, why are you making this "pullback" pronouncement? how about throwing some "reasoning" behind your statements...(geez, reminds me of some of my EX girlfriends)!! enough of the cheerleading--bring some useful debate to the board!
please. thank you, in advance. ;-0
Usually a close above the high of a doji (yesterday) indicates buying pressure. Since there is no technical bearish divergence to the contrary, this high close doji is a semi reliable buy signal. 70% of lows in the S&P are marked by a doji. This stock trades like S&P, that is why it keeps making chopstick bottoms. I called both of them, yesterday was one. Chopstick is same as tweezer, it just means three or more candles with the shadows forming in the same price level. Look at yesterdays chart in the 60 min.