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Google Daily Technical Analysis | 28 December 2017

2017-12-28 09:49 am | Resource: Technical Analysis Section | No Views : 294

Google shares broke the rising trend line at the end of trading last month, and during yesterday's trading the stock was able to break the areas of 1058 $ as a result of the price gap down yesterday.

Google Daily Technical Analysis | 28 December 2017

The US stock is still trading in a bearish direction over the 4-hour time frame, and the SMA crosses negatively with the slow moving average but without confirmation and became a resistance zone while the long-term moving average remains in a bullish direction as it is unchanged.
Rate of Change 12 The bullish trend line broke last week and now it is still trading below it as it is trading below the downside trend line and also below the zero level.
It is expected that as long as the American stock is trading below $ 1058.15, it may target the 1004 level, while in the case of a break of 1078 it could target the 1100 level.
Support: 996.71 - 958.78 - 902.23
Resistance: 1058.75- 1078.06 - 1100.37
Trend: Down


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