Goolge stock analysis

Google’s stock closed last week’s trading above the support level of 1846.00, as the price was able to breach this level with a rising gap. And ending the sideways movement in which he was moving during the past weeks.

The moving averages support the upward movement of the stock, which is moving below the price within one level and forms a support level for the price at the value of 1717.00, but the price diverging from it is an indication of overbought behavior, therefore it is likely that the price will make a downward correction to the level of the two averages 5-20.

While the stochastic oscillator is moving near the overbought area, thus pushing the price to continue the bullish path.

We have a major resistance level at the area of ​​1936.00 and support at the area of ​​1717.00, and these two levels will be the main targets of price action.

General direction of movement: Bullish path