GOOGL and GOOG had a promising cup-and-handle setup, but the earnings report (ER) disrupted it. The stock is currently below the uptrend line.I would wait for the $143 to $140 area to position for a potential bounce.
For the first time in its history, Google’s search business faces serious threats, putting its technological leadership in question.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.