Google steadies in negative zone - Analysis - 24-09-2020

Google's stock fell in the intraday levels, steadying below the resistance of 1,456, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 1012 to 1732), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect more losses for the stock, targeting the next support at 1372, representing the ratio 50% of the same retracement levels. 

Expected trend for today: Bearish