Google surrounded with negative signals - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

Google's stock slid after piercing the support of the ascending price channel recently, breaking through the support of the 50-day SMA as well, doubling pressures amid negative signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the first support at 1298.48, provided it holds below 1385.30. 

 

Expected trend for today: Bearish 

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