EU Court Upholds €4.1 Billion Antitrust Fine Against Google
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The EU's finalization of a €4.1 billion antitrust fine against Google may create short-term pressure on the stock. Technical indicators present a cautious picture, with the RSI approaching overbought territory at 65.6 and the MACD signaling weakening bullish momentum. The 5.9% rise in the last 24 hours could turn into profit-taking following the fine news. However, the price remaining above the SMA20 and SMA50 suggests the medium-term trend is still strong. Therefore, any decline is likely to be limited, with support expected in the $355-360 range.
📊 GOOG — Piyasa Yorumu
▼ down · 65%The EU's finalization of a €4.1 billion antitrust fine on Google could create short-term negative pressure on the stock. Although technical indicators show the RSI at 63 and the MACD above the signal line, indicating continued upward momentum, profit-taking may occur with this news. The 20-day SMA at 353.6 and the 50-day SMA at 347.6 can be monitored as support levels. The last close at 357.9 and a 5.27% rise in the last 24 hours may limit the impact of the news, but given the size of the fine, a short-term downward trend can be expected.