GOOG – Google (Last:586.75)

YGoogle (GOOG) price chart with targetsou’ve got to admire Google for its pluck.  Rather than cede even a dime’s worth of advertising business to Facebook merely because Facebook is so aggressive and clever, Google is about to add “social” functionality to its search engine.  I’d like to think Google was encouraged to play hardball by the fact that Facebook had partnered with always-behind-the-curve Microsoft to develop customer information beneficial to Ballmer’s Bing search engine. Anyway, who do you want to bet on? For my part, I’ve extrapolated the most bullish target I can from the hourly chart — 610.12, a Hidden Pivot that can serve as a minimum upside objective target for the short- to intermediate-term. Consider it a lock-up if and when the stock closes for two consecutive days above its sibling midpoint, 591.57.  (Note:  One more minor resistance to monitor lies at 600.52.) Pivoteers may notice that I’ve treated the March 16-18 bend in the A-B impulse leg as non-existent. My justification for this is that it occurred before the rally had exceeded any external peaks.