Technical analysis

Google Wave Analysis 4 April 2024

– Google reversed from key resistance level 153.20

– Likely to fall to support level 145.25

Google recently reversed down from the major resistance zone located between the key resistance level 153.20 (which stopped the weekly uptrend at the start of this year) and the upper weekly Bollinger Band.

The downward reversal from this resistance zone is likely to form the weekly reversal pattern Shooting Star Doji – if Google closes this week near the current levels.

Given the strength of the resistance level 153.20 and the bearish divergence on the daily Stochastic indicator, Google can be expected to fall further to the next support level 145.25.

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