Google (GOOG) may be in process of forming a double bottom. It's too early to tell, but not too early to start watching. From what we can see so far, all the indicators are there. Check out the chart below.
The blue horizontal line at the bottom shows the previous bottom in March, approximately 43% below last December's high. Last week's low dipped its toe just below the surface of that line, which is exactly how a double bottom should act.
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