Jul 19, 2012

Google on its way for reaching the target range $520-540

In post published five months ago I set target for Google considering 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).

Google seasonal pattern
Google seasonal pattern
Google seasonal trading posted Feb 16th: Google Seasonal Trading
Follow CapitalHubs real time Google chart at TradingView

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