Australia Increases Tax on Tech Giants That Do Not Sign Local News Deals

The news involves Australia's tax increase targeting technology giants, which could create negative news flow for GOOGL in the short term. Technical indicators are in overbought territory (RSI 75.6), and the price has risen 6.4% in the last 24 hours, increasing the risk of profit-taking in the near term. MACD is positive, but the price being above SMA20 and SMA50 indicates a strong trend; however, a pullback is possible due to the news impact. Therefore, the direction is downward, but given the strong trend, the decline is expected to be limited.

The news involves Australia's tax increase targeting technology giants, which could create a short-term negative perception for GOOG. Technical indicators show RSI at 77, indicating overbought conditions, and the price has risen 6.7% in the last 24 hours, increasing the likelihood of profit-taking in the near term. MACD is positive but showing signs of overheating; while the movement above SMA20 and SMA50 is strong, the news flow could break the momentum. Therefore, the direction may turn downward, but the impact could be limited as the company's fundamental strength and other market factors may act as counterbalances.

AAPL has dropped 9% in the last 24 hours, falling to the 309 level, with the RSI approaching oversold territory at 32. The MACD is in negative territory and below the signal line, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, which paints a negative technical picture. News of Australia's tax increase on technology giants could add further selling pressure on the stock amid concerns that it may escalate global regulatory pressures. However, given the oversold conditions, a short-term bounce could occur, so I am not maintaining a bearish outlook with high confidence.