Google Inc (NASDAQ:GOOG) to Consolidate Before Hitting All Time High
Google Inc (NASDAQ:GOOG) to Consolidate Before Hitting All Time High
Google Inc (NASDAQ:GOOG) chart looks like the price will need to consolidate prior to the next move forward.
GOOG should see $1000 in 2013/14 and is set now for a run to $800.
GOOG will be one of the big winners as online sales dominate Christmas shopping, online stores need ads and GOOG is king of that space, they are also seeing improving revenue from mobile search as mobile and tablet use explodes around the world.
The strategy here is to wait, buy the dips and look for an exit around $790, under $700 it is great buying, under $670 it is a must own.
GOOG long term outlook remains exceptional strong, the move to web based applications on PC, Tablet and Smartphone is continuing, the use of Smartphones and Tablets is increasing at an ever increasing rate and that trend will stay in place for the next 5 years as the products penetrate emerging markets.
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