Technical Analysis – Google stock on track to revisit 100-SMA after a bounce on 38.2% Fibo level
Google stock price found strong resistance from the 100-day simple moving average (SMA), coupled with the Ichimoku cloud’s upper boundary and the 50.0% Fibonacci retracement level of the down move from 1288.47 to 1024, of 1157. Price moved into the Ichimoku cloud on July 10 and adopted a sideways motion. The positive directional momentum has dwindled, as the MACD flattens […]