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Google stock analysis

11.01.2021

Market Review

Google shares returned to rise after testing the support level 1710.60, which is the level at which the new year opened. And that after trading opened on a rising gap.

Consequently, the stock continues the uptrend movement in an attempt to retest the top . 1840

The moving averages support the upward movement of the stock, where the 50 average is the first support level. While the stochastic oscillator is moving within the overbought zone, thus the price will push to continue rising and test resistance.

We have a major resistance level at the area of ​​1840.00 and support at the area of ​​1710.00, and these two levels will be the primary targets for price action.

General direction of movement: Bullish path

Author: GC
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