Google Loses Appeal Against EU Android Fine
📊 GOOGL — Piyasa Yorumu
▼ down · 60%Google's loss in the EU Android antitrust case may create negative pressure in the short term. Technically, the stock is trading above its 20- and 50-day moving averages, and the MACD is trending upward. However, the RSI stands at 65.6, indicating overbought territory. This increases the risk of a post-news correction. A pullback to the 360-365 range is likely within 1-3 days, though the long-term trend remains bullish.
📊 GOOG — Piyasa Yorumu
▼ down · 60%Google's loss in its appeal against the Android fine could increase regulatory pressure on the company and negatively impact its stock in the short term. Technical indicators present mixed signals: the RSI at 63.8 is approaching overbought territory but is not yet at dangerous levels, while the MACD continues to generate a buy signal. The 5.27% rise in the last 24 hours may partially offset the negative impact of the news, but some of these gains are likely to be given back. I expect a short-term bearish trend, but it is too early for a strong trend reversal.