Google Stock Quote

The stock keeps marching to higher and higher prices.

Looks like the bulls have this stock firmly in their control. The stock has already passed the 100% projection of the first up swing.

Let me be brave enough to say that the stock could very easily go to $128 before turning lower. I’m basing that comment on the fibonacci relationship shown here:

Google Daily Chart

An inside day near the current price level would provide a relatively low risk entry into this stock for the buyers.

Another method of entry to the long side would be a “pullback". My definition of a pullback for a buy is a stock that makes at least 3 consecutive lower highs. Buying the stock using this method occurs when the stock trades above the previous bar’s high.