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Google Stock Analysis

Google continues to move within the ascending channel after breaching support 1295.55.

The price continues to move within the ascending channel above SMA 50, which forms a support level and pressures it to rise.

Stochastic is in a downtrend towards oversold area and signals a continuation of the bearish correction to SMA 50.

The general direction of movement is:  Bullish.

Author: admin
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