Google shares reached 1236.28 resistance and could not breach the resistance 1 to bounce back towards a bearish correction towards the SMA 20 which is a support level for the price and gives a positive bullish momentum.
Overall, Google shares continue to move within the rising channel that has been moving in since the beginning of the year.
The price is moving below the moving average 7 and moving towards the 20 MA which is at the support level 1175.41 while the SMA 50 at the next support 1137.90.
Stochastic has emerged from an area resembling a buy in a move down and reflected on the price as seen in the picture.
The range of movement between support 1137.90 and resistance: 1236.30.
