Today's drop represents GOOGL's first pullback to its 50-day ( ) since the company broke out to new highs in November and December. It also comes at a time when Sundar Pichai has taken the helm as CEO , with an eye on monetizing businesses like YouTube.
The current zone around $1,420 is also a where it bounced earlier in the month.
In conclusion, Warren Buffett isn't known as a great technical analyst. But his adage of being "greedy when others are fearful" might just apply in a new-economy blue chip like GOOGL .