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Google Daily Technical Analysis | 5 January 2018

2018-01-05 11:05 am | Resource: Technical Analysis Section | No Views : 313

Google shares broke the secondary downtrend line on the hourly interval during the first day of the new year, and the stock during the first trading yesterday broke through areas of $ 1078, which supports buyers.

Google Daily Technical Analysis | 5 January 2018

The US search engine is trading in a bullish trend in formation, and the moving average and slow moving average are positively cross-checked.
The rate of change 12 broke the bullish trend line during yesterday's trading and is currently trading in a bearish trend under formation.
It is expected that if the US search engine shares break through $ 1093, it might target the 1131 level on the other side, if a break of 1078 might target the 1048 level.
Support: 1078.06 - 1039.51 - 996.71
Resistance: 1100.37- 1131.67 - 1185.89
Trend: Up

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