19.11.2018
Google shares rebounded last week, reaching 1062 per share, but it is trading below the moving averages of 7-20-50 and this will constitute a negative pressure on the stock, which leads to complete the bearish path.
The correct movement is reflected on the stochastic indicator where we see a bullish cross on it.
Expected movement will be between the support1001 and the resistance 1080.
Support and resistance:
Support: 1033-1001;
Resistance: 1080-1105.
The general trend is bearish as long as trading remains below the moving averages.
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