Google In Seasonal Downturn
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.
Best
CH
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.
Best
CH
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