GOOGLE: The 3rd major bullish wave begins.

Google is just turning from bearish to neutral today on the 1D time-frame (RSI = 44.178, MACD = -4.950, ADX = 38.408), same situation also on its 1W outlook, as the stock recovers from the 1W MA50 breach last week. The green weekly close today is positive as it restored the price back inside the 2year Channel Up. A second straight green candle next week, will validate the start of Google's new 250day bullish wave, with the two before it rising by approximately +60% each.

If you are a long term investor, wait for next week's candle close and if green, buy (TP = 230.00).

See how our prior idea has worked out:

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