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Google In Seasonal Downturn

BATS:GOOG   Alphabet Inc (Google) Class C
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Google's seasonal pattern suggests that the stock usually bottoms out in mid summer. As seen on the chart probably that move has already began.

This chart also shows some more interesting patterns. Bull runs usually last 3 to 3.5 months and bring some 32-39% returns, while corrections are not deeper than 16-17%. Assuming the last as a support $712 (200 MA) looks like this summer target.

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