Google Inc : An opportune reversal
Entry price | Target | Stop-loss | Potential |
---|
US$612.47 |
US$0 |
US$598 |
-100% |
---|
The Stock google has filled the gap open at the beginning of the summer.
The Internet giant enjoys upward revisions in earnings per share, but also growth prospects.
Technically, the two strong decrease during the last two trading sessions allowed the stock to fill the bullish gap and restore a sound basis for short-term stimulus. This correspond to a return to the long-term moving averages.
The share has undeniable fundamental qualities. Moreover, the decline observed in the short term offers an interesting entry point. Investors should take advantage of the current area to buy Google and seek a dynamic graphical recovery.
The first goal will then be fixed at USD 663. The stop loss will be triggered under USD 600.
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