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...
Previous call achieved downside target, and price bounced again gaining back 13/50 ma cross over which is where short sellers will try to jump again...though earning is approaching previous buying point is an ideal downside target with tight stop above the DT. Join us woowtrading.net
Last time we put 775 is the downside target from $840 first target 800 has been achieved and now the second is almost there. Time to sit back and wait next trade alert. Join us woowtrading.net
Past instances of the 10MA Crossing Down Through the 20MA has led to substantial pullbacks in the past. Also worth noting that through out this rally the 10MA has managed to stay above the the 20MA so a crossover here may be an indicator of more downside if history repeats itself.
Today's performance was not bad, price did not close below Feb's buy point which failed to extend the next leg up but did well and now retraced back to that buy point though it violated briefly early morning as the general market did. Price opened weak, but recovered mid day and closed right at previous paying point $808.97 which now acts over head minor...
