Google stock analysis

04.05.2021

Technical reviews

 

 

Google's stock was able to rise and breach the resistance level, thus confirming the bullish path and continuing to rise

The moving averages support the upward movement of the stock which is moving below the price, as the 50 average moves near the support level of 2120.00 and forms the first major support levels for the price.

The stochastic oscillator is fluctuating within a sideways path that tends to descend near the overbought area, thus this will be reflected in the price and we may see a downward reversal correction in the price movement.

We have a major resistance level at 2300.00 and support at 2155.00 area, and these two levels will be the main targets of price action.

General direction of movement: An upward path

Author: GC
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