$GOOG TOP 20
Added 2023-05-01 04:50:41 +0000 UTC$GOOG is in a difficult situation here, as it is part of the big tech group which can move the market but it's set up is not an impulse wave here and it is comfortably moving within a bear channel. I also believe it may be under pressure as Bing gains market share. $MSFT and $GOOG reported earnings on the same day and the stronger $MSFT went, the weaker $GOOG behaved, this is not a surprise.
RSI and MACD are not painting a bullish picture either, so for now, the count remains as it is and it is not until $GOOG comfortably breaks above the bear channel would this count become invalid.
So What Now?
This is not a buy for me with this set up, if we can buy this in our buy zone, I would be comfortable starting a position but not at its current price.
