GOOGLE has passed the 2007 high.Since we do not have a higher reference point for the next target I'm using the CLONING of the reference channel to derive the target.Due to the straight up move,Google will most likely correct to middle of the channel just like it did in 2007.Then, if it goes back into the top channel the next target is around $870
Just in line with the seasonal pattern GOOG has gained some 30% (after double bottom this summer). As seen on the chart last three bull markets started after summer bottoms and we are witnessing this model repeated again in 2012.
The seasonal pattern suggests that Google should form peak around end of December or early January and then should be followed by...
Now it is interesting to see Google stock, which is close to historically highest price. Do you think that Google will get over this resistance? Personally, I think that the correction is a very real.
Google's numbers from a fundamental standpoint have always been good. We see no reason to alter our analysis that this is a winner Long Term for investors and traders. An eventual target of 1200ish is still our LT analysis.
As anticipated, GOOG has broken out to the upside of a wide trading range that has been traded for 2 1/2 years. It has taken 9 attempts from...
I view the chart of GOOG as vulnerable (again) to test the support level down at 570 to 550.
The heavy resistance area on the chart is just 1.5% above current prices and the support level is down 7.0% for a 1:4 ratio of upside potential to downside potential.
I will keep an eye on news as clearly the Facebook IPO is having a major effect on the trading in GOOG,...
