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Friday, January 12, 2018

Annual Forecast for Google (2018)

Google stock (NASDAQ:GOOG) is a bullish market. Price consolidated in April to September 2017, and the assumed a bullish journey.

The ADX period 14 is almost at the level 40, signifying a strong momentum. The DM+ is above the DM-, meaning that bulls reign. The MACD, default parameters, has its signal lines and histogram above the zero line. There is a Bullish Confirmation Pattern in the market.

While Google could experience some pauses or corrections along the way, these would be temporary as the general outlook on the market is bullish.

 


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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