Google Analysis 15.01.2019

Google shares continue to fall for the sixth session in a row as the stock trades near the support level 1044.6 and the moving average 50 is pushing the price to push it further down while the moving average 20 is supporting the price.

If the price is able to breach the mentioned support level we will see further downside towards the support level of 1000.99

Stochastic is in a downtrend towards the oversold area and this negative signal for the price will increase the negative pressure on the price movement and push it to try to breach the support.

The trading range between support is 1000.99 and resistance is 1092.22

Support and resistance:

Support: 1044.60-1000.99

Resistance: 1092.22-111.45

General Path: Down