Google Set To Outperform

After yesterday earnings report the shares trade +8% after market. That, on fundamental side, is solid proof for good company performance. Moreover, on the technical side the picture is supporting that perception.

Based on the seasonal pattern GOOG has just started new bull leg, which usually lasts between 3-6 months and registers gains close to 40%.

Still keep in mind that the history does not repeat itself. As chart shows it just rhymes.

Best
CH

Note: The chart is in log scale.