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Google Daily Technical Analysis | 2 October 2017

2017-10-02 04:12 pm | Resource: Technical Analysis Section | No Views : 304

Google shares are trading in a bullish trend, and the trend is very sharp as bulls force the bulls and pressure on them. The three moving averages are positively cross and represent important support for the stock, especially the slow and long average.

Google Daily Technical Analysis | 2 October 2017

We noted in a previous report that the search engine arrow broke the neckline of a double bottom pattern on the hourly interval and currently faces the 958.78 resistance level close to the target of the pattern. We recommend closing the side of the open positions on the stock.
The rate of change is trading in a bearish direction and does not indicate a decline in the buyers' resolve in the stock.
It is expected that if a breach of 958.78 could target the 964 level, a breach of 958.78 could target 942.40 again.
Support: 942.40 - 918.3 - 873.75
Resistance: 958.78 - 980.41 - 988
Trend: Up

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