Alphabet Inc. (NASDAQ:GOOG) joined Apple in promising to investigate a Saudi government app hosted on the Google Play Store and Apple’s App Store

Alphabet Inc. (NASDAQ:GOOG) joined Apple in promising to investigate a Saudi government app hosted on the Google Play Store and Apple’s App Store

Alphabet Inc. (NASDAQ:GOOG) joined Apple in promising to investigate a Saudi government app hosted on the Google Play Store and Apple’s App Store

Google has joined Apple in promising to investigate a Saudi app that lets men control women’s travel, as pressure from rights groups and international lawmakers builds on the tech giants.

Google will review the app to determine whether it violates its policies, a spokesman told The New York Times on Wednesday. Earlier, Apple CEO Tim Cook pledged to investigate as well.

“A Google spokesman confirmed that the company is assessing the app to determine if it is in accordance with its policies,” The Times reported.

Google and Apple have failed to respond to repeated requests for comment from Business Insider.

Business Insider’s sister website INSIDER revealed details about Absher earlier this month and published criticism from human-rights groups, which triggered US politicians to call on the tech giants to rethink the app.

#DropTheAPP

Numerous high-profile US politicians condemned Apple and Google on Wednesday. They called on the tech giants to kill the service from their app stores.

“Absher is a patriarchal weapon: it allows Saudi men to track women, restrict their travel, and enable human rights violations,” the Democratic Party Caucus’s vice chair, Rep. Katherine Clark of Massachusetts, tweeted.

“#Apple and #Google must stop facilitating this dangerous tool of control,” she added.

Rep. Carolyn Maloney of New York also tweeted: “An app available on Google/Apple’s App store helps Saudi Arabia enforce its guardianship system that doesn’t allow women to travel without permission from a male guardian. No company should help w/ oppression of women!”

Maloney also encouraged the hashtag “#DropTheAPP.”

On Tuesday, Sen. Ron Wyden of Oregon wrote to Cook and Google CEO Sundar Pichai demanding that they “immediately remove” Absher from the App Store and Google Play.

The app “flies in the face of the type of society you both claim to support and defend,” Wyden wrote. “American companies should not enable or facilitate the Saudi government’s patriarchy,” he said, calling the Saudi system of control over women “abhorrent.”

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 1,093.73.

The projected upper bound is: 1,186.09.

The projected lower bound is: 1,058.34.

The projected closing price is: 1,122.21.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 66.2720. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.01. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 84 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 53. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 1.510 at 1,121.670. Volume was 49% below average (neutral) and Bollinger Bands were 19% narrower than normal.

Open High Low Close Volume___
1,118.0501,128.2301,110.4451,121.670 947,632

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,115.68 1,067.71 1,120.00
Volatility: 28 39 33
Volume: 1,748,918 1,769,206 1,636,409

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 0.1% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 27 periods.

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