GOOGL
📈 Google is currently situated near a weekly support level, presenting a potential entry point ahead of its earnings report.
🤔 While acknowledging historical challenges with its cloud segment, a long-term (10-year) holding strategy is considered viable, possibly initiating a position around $148.
📉 Short-term technicals show a past divergence and pullback from resistance, suggesting a possible further drop towards $133, warranting a potential stop-loss around 15% below entry.
@marcosemmimfp:
“How is Google with the balance sheet? I don’t know how it will turn out, Rey. I really don’t know. What is true is that it’s at a support zone on the weekly chart. If you believe the balance sheet will do well and will be driven by its business… Google has always had problems with the cloud theme, my friend… a little bit… I personally wouldn’t tell you what I would do with Google. What I can tell you is that it’s in a good situation, and if I, let’s say, had nothing of Google, I would have already bought something here, maybe at 148, and I would hold it, like a portfolio type, for about 10 more years, more or less. I think so. I don’t think this will start a bearish period. If it breaks more or less… If I bought here and let’s say it drops 15%… If it drops 15%, maybe I’ll sell it… Here there was divergence. The problem here is that there was a divergence, and the price reached its resistance zone, and now it’s going to fall. Okay? This here, that’s on the daily chart. So, there’s a chance that this, later, I don’t know, in the balance sheet, comes to 133? Yes, obviously.”
Watch the exact part of the video where @marcosemmimfp talks about Alphabet here:
Watch the video on YouTube
Read more articles analyzing Alphabet (GOOGL) at the provided link. GOOGL stock.
