On Wednesday, Arizona filed a consumer fraud suit against Google Alphabet Inc, claiming that the U.S. technical giant used "deceptive" and "dishonest" methods to obtain data on the location of users. "Google collects detailed information about its users, including their physical location, to target users for advertising. This is often done without users' consent or knowledge," Attorney General Mark Brnovich said on Wednesday's Twitter.

Google, H4

Pivot: 1421.93

Analysis:

Provided that the asset is traded above 1409.50, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 1421.93
• Take Profit 1:  1443.00
• Take Profit 2: 1452.00

Alternative scenario: 

In case of breakdown of the level 1409.50, follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 1409.50
• Take Profit 1: 1394.75
• Take Profit 2: 1386.50

Comment:

RSI is above the neutral area by 50. The MACD is negative and is above the signal line. The MACD must break above its zero level to cause further growth. The alphabet is above 20 and 50 MA periods (by 1419.39 and 1415.27 respectively).

Key levels:

Google, D1

Pivot: 1420.00

Analysis:

While the asset is traded above 1355.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1420.00
• Take Profit 1: 1480.00
• Take Profit 2: 1530.00

Alternative scenario:

If the level 1355.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1355.00
• Take Profit 1: 1292.00
• Take Profit 2: 1170.00

Comment:

RSI shows an uptrend.

Key levels:

We also advise you to pay attention to Tesla for intra-day trading:

Pivot: 816.88

Analysis:

While the asset is traded above 730.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 816.88
• Take Profit 1: 959.00
• Take Profit 2: 1023.00

Alternative scenario:

If the level 730.00 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 730.00
• Take Profit 1: 625.00
• Take Profit 2: 564.00