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Google Daily Technical Analysis | 28 November 2017

2017-11-28 12:16 pm | Resource: Technical Analysis Section | No Views : 318

Google shares are still trading at the highest level of 1008 and currently the stock is close to the areas of 1058.75 and managed to penetrate the downward trend line on the interval 240 minutes during last week's trading.

Google Daily Technical Analysis | 28 November 2017

Currently, the search engine's months are trading in a bullish trend in formation, and the moving average and the slow moving average are intersecting positively.
From the previous chart, we can see that the pattern of the upside-down psoriasis shellfish has ended the re-test with the beginning of the third third of this month.
The rate of change is trading in a bullish direction, but it shows signs of weakness due to a negative technical deviation under formation.
It is expected that, as long as the American stock is trading at the highest level of $ 1042 may target the level of 1083.35 on the other side, in case of breaking 1042.55 may target the level of 970.
Support: 1008 - 996.71 - 958.78
Resistance: 1058.75- 1071.90 - 1100.37
Trend: Up

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