SpaceX Targets US Consumers with Starlink Mobile Service
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL shares closed at $343.56, trading below its 20-day moving average of $345.45, indicating short-term weakness. The RSI at 40.3 is approaching the oversold territory, while the MACD line remains below the signal line in negative territory, confirming downward momentum. SpaceX's launch of Starlink mobile services targeting consumers could create potential competitive pressure on Alphabet (Google Fiber, Android) in the satellite internet and mobile connectivity space. This news, combined with the current weakness in tech stocks, may generate additional selling pressure on GOOGL in the short term. However, since the downtrend has not yet reached oversold levels (RSI above 30), buying on dips may remain limited.