GOOGL
📉 Google fell 5% amidst the market downturn, performing relatively better than other major tech stocks like Amazon and Apple.
💰 There’s market chatter about Google being undervalued and attracting buyers, potentially being perceived as having better fundamentals (‘ratios’) among the large-cap tech companies currently.
📊 Despite showing some relative strength and perceived value, the stock’s technical chart pattern still appears weak (‘ugly’), indicating caution is warranted until technical recovery is confirmed.
@VisionariosBolsa:
“In the case of Google, it is true that it had a day where it showed a bit of relative strength, but in the end, it ended up falling with the rest of the market, -5%. Yes, it falls less than all the others. Yes, there is a lot of talk that it is undervalued, that it is starting to be a stock that is being bought a lot because it is one of the large ones with the best ratios. But well, in the end, for the moment, it also still has that slightly uglier look at the technical level. We will see if in the future it ends up recovering those averages and resuming that upward trend.”
Watch the exact part of the video where @VisionariosBolsa talks about Google here:
Watch the video on YouTube
Read more articles analyzing Google (GOOGL) at the following link. GOOGL stock.
