Some weakness at the opening as buyers may have panicked out of $GOOG to chase $AMZN or $META but we can see that $GOOG is still holding the 50 Day MA here at $140....a hold here and this could be a very attractive opportunity here to catch the next wave up.
$GOOG's earnings overall were a beat....with one small blemish, their Ad revenue declined by -2% but Youtube revenue increased by 16%, their second largest revenue stream.
I think $GOOG has no issues recovering.
Jeff O
2024-02-02 15:43:40 +0000 UTCMarco
2024-02-02 15:31:57 +0000 UTC