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Analytic reviews

June 2019

Google stock analysis 18.06.2019

Google shares rise after the decline to reach the resistance 1099.43 at the rate of decline Fibonacci 61.8%

Price action under the negative pressure effect of the moving averages, especially the moving average 50 which is close to the resistance of 1183.80 and the 20 humped average that moves above the price.

The stochastic is out of the overbought areas in a bearish signal so the price may correct.

General direction of the movement: a downward trend.

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