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American Stocks Analysis
May 28, 2024 7:48 AM

Alphabets stock price (GOOG) inched up in the intraday levels amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive support from the 50-day SMA, coupled with positive divergence from the RSI after reaching oversold levels compared to the stocks movements.

Therefore we expect more gains for the stock, targeting the resistance of $180.14, provided it settles above the support of $173.47.

Trend forecast: Bullish

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