Technical Analysis – Google stock registers 1-month high finding resistance at 200-day SMA
Posted on December 4, 2018 at 1:24 pm GMTGoogle (Alphabet) stock price has fallen sharply from the one-month high of 1122, reached earlier on Monday, after the bullish gap. However, the technical indicators are still endorsing the positive view. The MACD oscillator is strengthening its momentum above the trigger line but is below the zero line, while the RSI indicator is heading north above the threshold of 50. If the recent declines continue, immediate support is likely to come again from the 1093 barrier, which overlaps with the 50-day [..]