Google continue to move within the framework of growth and an upward channel, prices are repelled from the maximum. Moving averages indicate a short-term bullish trend for Google. Prices moved up from the area between the signal lines, which indicates pressure from stock buyers. At the time of publication of the forecast, the share price is 1831.13. As part of the forecast for the value of securities, we should expect an attempt to develop a correction and test the support level near the area of 1685.00. Further, the rebound and continued growth of securities. A potential target of such a movement is the area above the level of 2080.05.
Google Stock Forecast and Analysis January 29, 2021
An additional signal in favor of the growth of Google quotes will be a test of the support line on the relative strength index (RSI), the values do not even reach the level of 30. The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the Google stock price will be a fall and a breakdown of the level of 1565.00. This will indicate a breakdown of the lower border of the ascending channel and a continuation of the fall to the area at the level of 1255.00. An acceleration of growth is expected with the breakdown of the resistance area and closing above the level of 1955.00.
Google Stock Forecast and Analysis January 29, 2021 assumes the development of a correction and a test of the support area near the level of 1685.00. Where can we expect a rebound and an attempt to continue the growth of the pair to the area above the level of 2080.05. A test of the trend line on the relative strength index (RSI) will be in favor of raising the currency pair. Cancellation of the growth option for the Google index will be a fall and a breakdown of the level of 1565.00. This will indicate a breakdown of support and a continued fall in value to the area below the level of 1255.00.
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