Stocks

Google leans on main upward trend line - Analysis - 06-08-2020

2020-08-06 13:23:56 GMT (Economies.com)

Google's stock rose 0.59% in the last session after leaning on the main upward short-term trend line, while also leaning on the support of the 50-day SMA, with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 1,530, provided the support of 1,436 holds on.  

 

Expected trend for today: Bullish 

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