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Daily Market Comment – Stocks steadier as China tries to calm markets; dollar up on ISM beat

Posted on February 4, 2020 at 9:27 am GMT

Chinese shares recoup some losses as authorities attempt to stem sell-off Dollar lifted by surprise pickup in US manufacturing activity Pound extends losses as UK and EU clash on post-Brexit trade arrangements Asian stocks turn green but virus fears persist Stocks in Asia took a breather from yesterday’s steep sell-off as Chinese authorities stepped in to limit the fallout from the worsening outbreak of the coronavirus, as the death toll continues to rise. A massive injection of liquidity by China’s [..]

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Technical Analysis – Google bears eye 1,420 for more downside in short-term

Posted on February 3, 2020 at 12:14 pm GMT

Google stock shifted south after peaking at an all-time high of 1,501 on January 22 but the bears should push below 1,370 and under the ascending trendline to put the upward pattern in the bigger picture in doubt. In the near-term, the focus will be on the 1,420 level as the RSI and the MACD suggest a neutral-to-bearish bias for the coming sessions. This is also where the 23.6% Fibonacci of the 1,159-1,501 upleg meets the 50-period simple moving average (SMA). [..]

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Technical Analysis – Google stock marginally fades from the all-time-high

Posted on December 18, 2019 at 3:29 pm GMT

Google stock has eased slightly off the fresh all-time-high of 1,363.80 as positive momentum stalled, something also reflected in the short-term oscillators, with the RSI deflecting off the 70 level and the MACD flattening out. However, positive signals remain intact, with the MACD still above its red trigger line, deep in the positive region and the RSI below the 70 level. Further boosting a positive picture, are the upward sloping simple moving averages (SMAs) and the uptrend line drawn from [..]

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Technical Analysis – Google’s gains slip through fingers as sellers correct back down

Posted on September 2, 2019 at 3:31 pm GMT

Google stock collapsed from 1264 to 1139 after nearly revisiting the high of 26 July 2018 of 1269, evaporating all gains from the bullish gap of July 26 of this year. The price moved into a sideways market with upper and lower boundaries of 1203 and 1146 respectively. Despite the latest correction and consolidation phase, the incline since June 3 has painted a positive picture, something also reflected by the momentum indicators remaining in bullish territory. Furthermore, the 50- and [..]

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Technical Analysis – Google stock on track to revisit 100-SMA after a bounce on 38.2% Fibo level

Posted on July 24, 2019 at 1:32 pm GMT

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 near the trigger line, and the RSI remains near the 50 level but is slightly rising. The ADX continues to show the strong bullish trend. [..]

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Technical Analysis – Google stock finds support at 40-day SMA; breaks above 38.2% Fibo

Posted on July 11, 2019 at 1:12 pm GMT

Google stock price is creating a short-term upside rally over the last month, after the rebound on the five-month low of 1024. The price tested and broke the 38.2% Fibonacci of the down move from the all-time high of 1288.47 to low 1024, of 1124.50. A pullback in the up move found support on the culminating simple moving averages (SMAs) of 14-, 21- and 40-days on July 9. The short-term 14- and 21-SMAs confirm a positive momentum, as well as [..]

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Technical Analysis – Google stock unable to break above 38.2% Fibo and 200-SMA

Posted on July 4, 2019 at 1:35 pm GMT

Google stock price has found a strong resistance level around the 38.2% Fibonacci retracement level of the downleg from 1,288.47 to 1,023.50 near 1,125 as it tries to extend its gains after the rebound on 1,023.50. Momentum indicators now suggest that the market sentiment might increase even higher as the stochastic lies in overbought area and the MACD is rising above its trigger line. If the market turns to the upside again and surpasses the 50-simple moving average (SMA) it could revisit the 1,147 resistance level before touching the 50.0% Fibonacci of [..]

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Technical Analysis – Google stock retreats below 6-month peak

Posted on March 28, 2019 at 1:56 pm GMT

Google stock price found a strong resistance level around the six-month high of 1,230 and is on track to complete its fourth consecutive red day. Also, the price posted a spike below the 23.6% Fibonacci retracement level of the upward movement from 967 to 1,230, around 1,168. Momentum indicators now suggest that the market sentiment might decline even lower as the stochastic lies in oversold area and the MACD is falling below the trigger line. If the price manages to slip even lower, the next support could come from the [..]

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Technical Analysis – Google stock finds resistance around 200-day SMA; neutral in medium term

Posted on February 4, 2019 at 2:01 pm GMT

Google stock price has been finding a strong resistance level around the 200-day simple moving average (SMA) since Thursday, challenging the 50.0% Fibonacci retracement level of the downward movement from 1270 to 967, near 1119 as well. The upward spike sent prices towards a new three-month high of 1,124 and momentum indicators now suggest that the market sentiment might rise even higher as the stochastic lies in overbought area and the MACD surpassed the trigger line. Should bullish dynamics dominate, the market might revisit the 1,147 resistance in case of [..]

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Google parent Alphabet expected to deliver stellar earnings – Stock Market News

Posted on February 1, 2019 at 9:50 am GMT

Alphabet Inc, the parent company of tech behemoth Google, will reports its earnings for the fourth quarter of 2018 on Monday after the US close. The company could outshine its tech peers as it’s anticipated to report another robust quarter. Analysts remain bullish about the company’s stock with a mean recommendation of ‘buy’, in line with the industry average for the online services sector. The holding entity of the Google group of companies will be the last of the FAANG [..]

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