Berlin says it wants to prevent VW plant closures - Reuters

Although GOOGL shares closed down 2.9% in the last session and the RSI at 33.4 is approaching oversold territory, MACD values remain negative and below the signal line. The price is trading below both the 20-day (343.27) and 50-day (351.35) moving averages, indicating short-term weakness. While the news headline is related to Volkswagen and does not directly impact GOOGL, it creates concerns that could negatively affect overall market sentiment. The deterioration in technical indicators and lack of momentum suggest that the downtrend may continue over the next 1-3 days.