GOOGL: monopoly at gunpoint

By | April 2, 2015

This week intensified news around antitrust proceedings around Google, which can act as signal to sell shares of the issuer.

So, on Tuesday it was announced that the European Commission asked the companies to submit complaints on Google, for permission to publish certain information that was originally passed in confidence in the investigation.

Such actions European Commission to be regarded as official training antitrust charges against Google. The amount of the possible fine may ultimately amount to more than $ 6.6 billion (10% of annual sales), taking into account the figures for 2014.

Recall that the investigation against Google lasts for 5 years.

google stock chart
Google stock chart

Trading analytics

Support and resistance levels
Support 1    543,31
Support 2    530,64
Current price:   548,49
Resistance 1    561,96
Resistance 2    581,32

Sell at the rebound up to 551.7. The goal – 531.7. Stop-Loss – 562,8

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.

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