Google exposed to negative pressure - Analysis - 12-10-2021

2021-10-12 12:00:20 GMT (Economies.com)
 

Google's stock (GOOG) fell 0.86% in the last session after touching the resistance of the 50-day SMA, amid the dominance of the downward correctional short-term wave, while hurt by piercing the main upward trend line recently, with negative signals from the RSI after reaching overbought levels, hinting  at negative divergence.

 

Therefore we expect more losses for the stock, targeting the important support of 2,654.50 anew, provided the resistance of 2,796.30 holds on.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0177
-0.0042
0.4071%
1.2112
0.0008
0.0636%
20.118
-0.132
0.652%
86.673
-0.588
0.674%
92.34
-2.76
2.90%
1776.510
-5.175
0.290%
 
 
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