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Google Daily Technical Analysis | 24 January 2018

2018-01-24 08:42 am | Resource: Technical Analysis Section | No Views : 333

The bulls of google shares were able to penetrate the 1139 resistance area on the hourly interval as bulls pressed the US stock and the stock continued to rise to reach $ 1171 yesterday, the highest level recorded by the American search engine since the collapse of March 2014.
 
Google Daily Technical Analysis | 24 January 2018

The US stock is still trading in a bullish trend in formation, and the SMA is intersecting with the slow moving average, which is supporting buyers.
The rate of change 12 is trading in a major upside direction and this trend is suffering from weakness due to overbought.
It is expected that if the share of the US search engine breaks at $ 1174, it might target the 1185 level on the other side, if a break of 1158 might target the 1110 level.
Support: 1078.06 - 1039.51 - 996.71
Resistance: 1174.27-1185.89 - 1211.39
Trend: Up


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