I never like to short things going into earnings, but given the relative underperformance of GOOG:QQQ and a recently developed negative divergence, I think this run is over for the short term. Looking for the 2450-2475 range in the next week or two. The stock pushed new highs on a lower reading for both the MACD and RSI. Furthermore, the MACD is starting to turn negative. (Could be from fallout of their advertising monopoly abuse and recent decision to extend the life of third party cookies for another two years?)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.