GOOGL 1892: Reaching 2000 but Premium Sellers likely winner
GOOGL made a 345 points move from low to high around last earnings. This time, if symmetry holds, GOOGL will reach ATH to about 2000 or 2050.
At near 1900, half that move already happened. Premium sellers of the expected moves are likely winners.
GOOGL is the economy and the economy is not so hot. But youtube is killing it. Also, AMZN is getting an incrementally higher share of ad revenues through its vertical integration. So blow out quarter is less likely a scenario.
At near 1900, half that move already happened. Premium sellers of the expected moves are likely winners.
GOOGL is the economy and the economy is not so hot. But youtube is killing it. Also, AMZN is getting an incrementally higher share of ad revenues through its vertical integration. So blow out quarter is less likely a scenario.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.