CapitalHubs
Long

Google Set To Outperform

BATS:GOOG   ALPHABET INC
861 5 7
After yesterday earnings report the shares trade +8% after market. That, on fundamental side, is solid proof for good company performance. Moreover, on the technical side the picture is supporting that perception.

Based on the seasonal pattern GOOG             has just started new bull leg, which usually lasts between 3-6 months and registers gains close to 40%.

Still keep in mind that the history does not repeat itself. As chart shows it just rhymes.

Best
CH            

Note: The chart is in log scale.
admin PRO
3 years ago
Nice trade:)
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CapitalHubs admin
3 years ago
Thanks
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techanalysis2151
3 years ago
Definitely looks promising. Its a good start that's for sure. Do you think there will be any kind of correction for that price gap?
Reply
CapitalHubs techanalysis2151
3 years ago
We could see some short term profit taking, however I don't think it will be strong.
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