Google Stock Analysis 05.02.2019

Google shares continue to rise on the upside move. Where the price managed to breach the 50% Fibonacci retracement level (from 1255.34 to 979.61)

At the 1117.47 level, the bullish path is confirmed.

The moving averages support the bullish movement as we have a positive order for the rise of 7-20-50 below the price, thus forming a positive pressure on the price for further gains

Stochastic has reached the area of saturation of the purchase and we are waiting for what will be its behavior within this region if the intersection between the lines and exit from this region is likely to see a correction in the price movement to the level of 1117.47

The range of movement between support 1103.53 and resistance: 1163.46