Company guided down yet once again but there is +ve divergence in the long term chart. Shark did x3500 risk reversals into the earnings print and sold 30 puts and bought 34 calls for $0.25 for Aug24 this week expiry. Couple horizontal areas come into play in the low 30s and high 20s... I am thinking an opening washout to sub $30 and then accumulation possibly....
King $GOOGL ready after good earnings report and oscillator cool off. Lots of growth potential with waymo etc picking up.
Catalyst: CFO addition => Target 330 level Catalyst: Stake by an entity => Target 350 level Catalyst: Buyout by swamp => Target 380-480 level depending on when Catalyst: None of the above => Target 270 then 250 Catalyst: Self-buyout Attempt via Debt Raise => Target 180-210