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Google Daily Technical Analysis | 18 September 2017

2017-09-18 11:40 am | Resource: Technical Analysis Section | No Views : 175

Sideway movement is still dominating the trading of Google shares. The stock is trading in a short-term direction while the medium is bearish, and the last major upside is the mismatch between the long-term trend and the need for correction. The three moving averages translate what happens with each other and the slow moving average Blue indicates a cross-trend supported by a tendency to any direction.

Google Daily Technical Analysis | 18 September 2017

The rate of change is trading in a bearish direction to support the sellers at the buyers' expense, and the assembly and disposal index is beginning to drop down to indicate the drain occurring in the old search engine and it will be very bad for bulls if 894.54 breaks.
It is expected that we should continue to wait until the American search engine shares break the 894.54 level so that it does not fall into the cross-trend trap and the target will be 802.80, in case of a breach of 942.40, it might target 958.78.
Support: 918.3- 873.75 - 140.38 853.20
Resistance: 942.40 - 958.78 - 980.41
Trend: Sideway


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