Nov. 14 at 2:46 AM
$GOOG is currently trading at
$279.12, above its 30-day moving average (MA30) of
$264.39 and 50-day moving average (MA50) of
$257.00, indicating a bullish trend. The RSI at 63.22 suggests that the stock is approaching overbought territory, which could lead to a pullback. However, the recent high of
$292.36 shows potential for further upside.
Directional bias is moderately bullish due to the price being above key moving averages and the recent high, but caution is warranted given the RSI level.
Suggested entry point is at
$280.00, with a stop loss set at
$270.00 to manage risk. Target 1 is
$290.00, aligning with the recent high, and Target 2 is
$295.00, providing a further upside opportunity.
Monitor for any signs of weakness or reversal as the stock approaches these targets.
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