GOOG Symmetrical Triangle
By Johns Wu on Jul 04, 2006
This entry was posted on Tuesday, July 4th, 2006 at 2:40 am and is filed under Annotated Analysis.
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2 Responses to “GOOG Symmetrical Triangle”
By Mika on July 18th, 2007 at 4:44 am
Could you have by any chance chart available of google triangle ?
Best Regards
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Google (GOOG) is triangling, you’re right. But I also see a bit of a triple bottom, no?
Overall, I like Google at these levels and would easily scoop shares under $400.
1) Further lack of execution at Softee will impair MSFT’s multiple and bode well for Google shares, we believe.
2) We maintain $530 price target based on product innovation, managerial execution “streak,” and attractive 31-34 x 07 EPS estimate(s).
3) GOOG = aggressive buy on any weakness. We’re talking about the market leader (picking up more and more share, FYI) in a strong secular growth category.