Long

Daily 4XSetUps - Constructive Healthy Upward Trend In GOOGL

2024/11/13
Daily 4XSetUps - Constructive Healthy Upward Trend In GOOGL
why healthy? why constructive? what speaks for this analysis?
obviously the last quarterly figures! the technical picture!”

Strong quarterly numbers pushed shares into the latest bearish cap. The evening before, Alphabet CEO Sundar Pichai presented juicy figures. Above all, the Internet giant's advertising revenue continues to grow. Which also boosted the stock after hours on Tuesday evening - and the stock opened with a bullish GAP on the following Wednesday. A robust cloud business and increased advertising revenue gave a surprisingly strong quarterly result. Group sales grew by +15% to $88.27 billion (81 billion euros) in the past quarter, the Google parent announced on Tuesday. Analysts had only expected an increase of +12.6%. Earnings of +$2.12 per share were also above market expectations. Overall, profits jumped by a third to $26.3 billion (24.3 billion euros).

“The happiest people discover their own nature and match their life to it.”
Ray Dalio

$181.54 : 2024/07/23 - bearish GAP High
$176.19 : 2024/07/24 - bearish GAP Low
$169.16 : 2024/08/20 - 1st High After GAP Lows
$168.64 : 2024/10/01 - 2nd High After GAP Lows
In this case, it seems like that I drew the lines really friendly, really well (with the help of technical analysis) - the price action reacts really friendly, really well also. After the fundamental analysis had done the rest - for a higher price action. Because according to the last quarterly figures, the share has just left the two highs after the bearish GAP. In turn, it left a bullish GAP behind. And was traded in the bearish GAP again for the first time. But what happens next? I don't know it! But I see that the share price has fallen somewhat again after the good numbers - just more or less at the level of the two highs after the low. And that, admittedly to my surprise, the share also went up in the last few days after the US presidential election.

Therefore, it is important to let this long 4XSetUp continue to run.
Because if we're lucky, we might reach the target price this year, 2024, after another 4XSetUp, namely , was stopped out at €66 today in Frankfurt (Germany). Because the technical picture in looks very good - especially in combination with the last quarterly figures. So in retrospect the price action between $160 and/or $170 was a good buy zone. Fortunately - after the reaction of traders and/or investors to the numbers beforehand was rather bearish. But this lonmg 4XSetUp seems to be working? From the perspective of technical analysis and/or fundamental analysis. That`s why long is more likely to be worthwhile than bearish.

With best wishes
and with good intentions!
Aaron

“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.

Devise2Day

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