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...
Price action still bullish and still within the up channel.Indicators are pointing down.If price falls below channel use the FIB.numbers for price targets.Near term support is at the@.236 FIB
In post published five months ago I set target (the range $520-540) for Google based on the seasonal deviations and repeating patterns of the stock. Now the analysis proved to be consistent and Google reached $557 in late June. Still the target stays intact, however if broad market rally occurs we could easily see the tech giant trading above its 200 moving average ($602).
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,...
