nmike
Long

GOOG next long term CLONE target

NASDAQ:GOOG   ALPHABET INC
740 2 18
The last 2 Goggle clone predictions worked out nicely:
GOOGLE  weekly CLONES update
Google>>>NEXT TARGET
This time I have drawn 2 sets of horizontal clones on a monthly chart, one clone of a major high/low swing point and a set of clones of a smaller reference channel. Normally I draw a 50 % reference line in all channels. When clones are large in height it’s a good idea to draw Fibonacci retracements rather then having a single 50% reference line. Fibonacci retracements serve as general targets & support / resistance within a clone. Clone boundaries CONFLUENCE gives more validity to a predicted target. As you can see on this chart the next target is close to a dual clone confluence around 1250-1270. Goog             is currently overbought so it could correct to the .382 Fib. level. Cloning should be used along with other technical methods.
.........intermediate .764 Fib / Clone target hit
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oh too bad,,,,this analysis was working out nicely until the stock split,I'll have to draw up another chart :(
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