TRADING IDEAS
#Google, #Facebook Agreed to Team Up on Antitrust Action
#Facebook Inc. and# Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week.
The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents.
Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which #Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used them.
#Google used language from “Star Wars” as a code name for the deal, according to the lawsuit, which redacted the actual name. The draft version of the suit says it was known as “Jedi Blue.”
The lawsuit itself said #Google and #Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them, in a passage that is followed by significant redactions.
On technical fronts, #Facebook Inc. RSI stood at 45.57and currently stock is trading below all moving averages. So, a SELL position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Tesla (NASDAQ:TSLA) Inc. - SELL: 272.79, TARGET : 267.74, STOPLOSS : 278.81
On technical fronts, Alphabet Inc.’s #Google RSI stood at 46.8and currently stock is trading below 5 and 20 days MA and above 50 days MA. So, the BUY position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Alphabet Inc.’s Google- BUY: 1735.22, TARGET : 1748.91, STOPLOSS : 1700.00
#Google, #Facebook Agreed to Team Up on Antitrust Action
#Facebook Inc. and# Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week.
The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents.
Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which #Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used them.
#Google used language from “Star Wars” as a code name for the deal, according to the lawsuit, which redacted the actual name. The draft version of the suit says it was known as “Jedi Blue.”
The lawsuit itself said #Google and #Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them, in a passage that is followed by significant redactions.
On technical fronts, #Facebook Inc. RSI stood at 45.57and currently stock is trading below all moving averages. So, a SELL position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Tesla (NASDAQ:TSLA) Inc. - SELL: 272.79, TARGET : 267.74, STOPLOSS : 278.81
On technical fronts, Alphabet Inc.’s #Google RSI stood at 46.8and currently stock is trading below 5 and 20 days MA and above 50 days MA. So, the BUY position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Alphabet Inc.’s Google- BUY: 1735.22, TARGET : 1748.91, STOPLOSS : 1700.00