$GOOGL
Sometimes a chart suggests that someone may know something before the market does.
This was clearly visible on $GOOGL after the price broke downward out of a triangle pattern.
Today’s earnings report tells only part of the story. Despite significant revenue growth and impressive Cloud results, missed earnings expectations and huge AI expenses raise questions about profitability and cash flow.
I think it’s time to watch for possible gap fills as potential downside targets during this pullback:
$260 —> $215
These are potential targets, not guaranteed outcomes. Price action near key support levels will show whether the bearish scenario plays out.
Sometimes a chart suggests that someone may know something before the market does.
This was clearly visible on $GOOGL after the price broke downward out of a triangle pattern.
Today’s earnings report tells only part of the story. Despite significant revenue growth and impressive Cloud results, missed earnings expectations and huge AI expenses raise questions about profitability and cash flow.
I think it’s time to watch for possible gap fills as potential downside targets during this pullback:
$260 —> $215
These are potential targets, not guaranteed outcomes. Price action near key support levels will show whether the bearish scenario plays out.