Google Analysis 12.03.2019

Google shares returned to move within the rising channel that has been moving since the beginning of the year in a bullish move breaching resistance 1160.40.

In general, we continue the bullish path extending since the beginning of this year, but provided that the resistance is not breached at 1125.71 which is at the 50% Fibonacci retracement and the continuation of the movement within the channel shown in the chart.

Moving averages support this bullish movement as we have a bullish order of the moving averages 7-20-50 below the price to give it stability and support to continue the upside.

The Stochastic is heading back to the overbought area and therefore the positive pressure on the pair continues.

The range of motion between support 1090.00 and resistance: 1209.00