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Google Daily Technical Analysis | 20 October 2017

2017-10-20 10:11 am | Resource: Technical Analysis Section | No Views : 353

Google shares broke the bullish trend line and re-tested during yesterday's trading and then the stock started to decline to the level of 980.42, the moving average and the slow moving average intersect negatively supporting the downside movement

Google Daily Technical Analysis | 20 October 2017

Stock through the previous chart on the hourly interval of the search engine stock note will be a double top model broken arrow neckline currently retested.
The rate of change is breaking the ascending trend line and trading below zero to indicate the sellers' control over the stock.
It is expected that, if the stock breaks the level of 980.41 may target the level of 968, but in case of break 996 may target the level of 1008.
Support: 980.41- 958.78 - 942.40
Resistance: 980.41 - 1008 - 1037
Trend: Down


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