Tesla Wins Bid to Revive UK Case Over 5G Patent License

While the headline may appear positive for Tesla, technical indicators paint a very weak picture. The stock has fallen 17.6% in the last 24 hours, with the RSI entering oversold territory at 23. The MACD remains below the signal line and in negative territory, indicating continued bearish momentum. The price is trading below both the 20-day and 50-day moving averages, further dampening the short-term outlook. The positive impact of the news may not be enough to offset the technical weakness, and the downtrend is expected to persist for some time.

GOOGL shares have fallen 8.3% over the past 24 hours to $319.77, with the RSI entering oversold territory at 29.7. The MACD line remains below the signal line and in negative territory, while the stock trades below both its 20-day ($327.52) and 50-day ($343.39) moving averages. Although the headline news relates to Tesla, there may be an indirect impact on GOOGL's 5G patent licensing case, but this appears insufficient to reverse the current technical weakness. The risk of continued selling pressure in the short term remains high, with the $315 level serving as a critical support to watch.