GOOGL trend is downward with a sell signal, but buying at 320 is recommended as the stock is a giant for the future.
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But interesting things also happened today. Uber has decided to lay off 10% of its staff to invest in robot taxis, and Waymo has just deployed another 250 robot taxis in Texas.
I think Waymo wants to make sure they have a strong presence.
But my bet is that Tesla will push both Uber and Waymo out of the market within 6 to 12 months. It would be uncompetitive for them to continue in that game.
Google, I said I was optimistic about the decline last week. The trend is still downward. Level 320 is a critical area. If you don't own any Google shares and you see it at this level of 320, grab it.
We are not far from level 3 . $13,320 now. So, can we get there? Yes. There is still a sell signal. The trend is downward. Level five is very far down. I don't think it will reach 308.
But this stock is a giant for the future, and it seems they have abandoned the pioneering model business and will focus only on computing, which is a very good area to work in.
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