01.05.2019
Google shares continue to trade within the rising channel that has been moving in since the beginning of this year and is approaching the summit formed since March.
Where the price managed to breach the resistance 1254.18 and close above it, which is the level of the double summit formed last September.
The moving averages give price stability to the upside as it moves below it in a bullish order of 7-20-50, respectively.
The Stochastic is giving negative signals as it moves within the overbought area and therefore leaving the region may lead to correction in the price movement.
Range of motion between support 1210.00 and resistance: 1320.00.
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