country flagالعربية

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

Other news

Europe's main stock indexes open mixed amid Brexit poll

Europe's main stock indexes were mixed at the open on Friday as investors worried about the outcome of the Article 50 process after a new poll showed that a majority of finance directors believed Britain would leave the European Union without an agreement governing future relations. The ECB's decision to re-quantify in an attempt to stimulate the faltering euro-zone economy is likely to affect traders' decisions. Most CFOs expect Britain…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.