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Google Stock Analysis 08.10.2019

08.10.2019

Market Review

Google shares return to try to enter the rising channel, which was moving within it after it emerged from last week and reached the level of support 1174.84 at the rate of decline of Fibonacci 382%.

SMA 50 is still a support level while 7-20 averages move above the price and form resistance.

Stochastic is in a bullish move after it has been able to exit the oversold area, thus increasing the pressure on the price to enter the channel.

The general direction of movement is: Bullish

Author: admin
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