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Google Daily Technical Analysis | 9 November 2017

2017-11-09 09:34 am | Resource: Technical Analysis Section | No Views : 349

Google shares are trading in a bullish direction over the hourly interval. It also breached the secondary descending trend line during yesterday's trading and also breached the $ 1033 level to confirm the breach of the bearish trend line.

Google Daily Technical Analysis | 9 November 2017

The SMA is positively intersecting with the slow and long-term moving average which remains a very important support for the most popular search engine.
The rate of change is trading in an ascending trend in the formation and also broke the secondary descending trend line indicating the positive situation that controls the American stock traders
It is expected that if the stock is breached the level of 1047 may target the level of 1071.90 on the other side, if the break of 1024 may target the level of 1008.
Support: 1008-996.71 - 980.42
Resistance: 1037 - 1058.75 - 1071.90
Trend: Up


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