Google shakes off negative pressures - Analysis - 23-12-2021

Google's stock (GOOG) rose 1.89% in the last session, settling at 2,938.98, while trading alongside the main upward medium-term trend line, lending it positive momentum and shaking off negative pressure from the 50-day SMA, with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 3,035, provided the support of 2,810.30 holds on.

Expected trend for today: Bullish