Tuesday, June 04, 2019 6:26:38 PM
Since the last earnings report NASDAQ:GOOGL is now down over 17% and the selling shows no signs of halting. All major support levels have been broken and it looks very likely that the D December lows are within reach. Despite analysts upgrades recently the stock has continually sold off any small rallies and is now in oversold territory and the momentum indicator signal more pain ahead. In premarket the .7fib level is currently holding the price but unless the market turns more positive, google is in trouble. What is very frustrating is the seemingly entire disregard for investors within the hierarchy of the company, arrogance is a good description of their attitude.
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