Google is trading near crucial support of 85. It is crucial because of the history of the chart. Price bounced and rebounded more than 8 times from the same level on. It is also trading at a lowest price to earning ratio of 17.5 with a net margin of 20%.
In summary, price says fundamentals have more room to correct. Fundamentals say the worst is almost over. So it is a good time to deeply study the company and chart.
All figures are just rough estimates.
In summary, price says fundamentals have more room to correct. Fundamentals say the worst is almost over. So it is a good time to deeply study the company and chart.
All figures are just rough estimates.
Comment:
So far it is working