GOOG recently had two legged pullback to MA in a bull trend, measured move target has been achieved and now it's should be reversing up to recent test of high at 774 area and either bull trend resumption or forming double top/higher high for the major trend reversal. This is a lower than 50% probability trade, this is why risk:reward is 1:2 on this one. If...
The Correction could take a few weeks or a few months. This is only my personal opinion and not a buy or sell recommendation for you.
GOOG is likely to bounce off EMA 20 and at least test the previous high, before any potential reversal. If triggers above 746.7 - the target will be 769.70 with $10 stop loss at 736.7
Goog showed a classic RSI divergence on it's last high. The failure to hold 760 was key.
Update to chart published here: Many times traders and investors make the mistake of not considering the potential changes in market conditions that will render their prior analysis invalid. Once a trading decision is made, many will not reconsider their position until a predetermined stop is approached. As most experienced traders and investors realize, the...
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
Not really sure which way GOOG will go. It looks tough for it to continue its uptrend to the top of the channel. Stochastics and RSI are overbought and imbedded so they don't reveal much other than a strong uptrend. If it were to turn around, there is not much support that I see. But, we might see GOOG keep drifting up. We might see some profit taking if the...
Google target $800 Apple target $600 What a perfect example of these 2 companies going in different directions.
This is a smaller time-frame chart that illustrates well the price action as price approaches and meets targets. The original Weekly chart can be viewed here: As we have noted in prior published analysis, often price targets are very close to or at exact reaction levels, as traders and investors reduce or add to their positions. The area identified as Target 2...
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.
This is the first deep pullback in long running bear trend and I am expecting a measured move up within next few months time... Conservative first target should be around 775, while optimistically we should be targeting around $130 of profit here by the start of Q2 2013 (and after Xmas rally)
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...
Google has a seasonal pattern each year end. With a strong uptrend for December and early fall months.
Google has a seasonal pattern each year end. With a strong uptrend for December and early fall months.