05.09.2014 - The price of Google is consolidating within a triangle

Google's stock price after the rebound from the support level at 569 hit a local maximum of 586 and in case of overcoming it will reach the psychologically important level of 600. At the moment, we see a price consolidation within the triangle. Long positions should be closed and short ones open in the case of fixing the price below 569. The target levels will be 540 and 504. We maintain a positive outlook for the medium-term and recommend holding long positions.

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