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

2020-06-29 13:48:32 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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