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Google Stock Analysis 15.10.2019

15.10.2019

Market Review

Google is returning to try to enter the ascending channel, which has been moving two weeks ago after falling to the support level of 1174.84 at the retracement of the 38.2% Fibonacci level.

The price is moving above the 7-50 moving averages that form support levels while the 20 moving average forms 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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