$GOOGL
Sometimes the chart tells you that someone might know something before the market does.
That was clearly visible in $GOOGL after the price broke down from the triangle pattern.
Today’s earnings report tells only part of the story. Despite strong revenue growth and impressive Cloud performance, the earnings miss and massive AI spending raise questions about profitability and cash flow.
I think it may be time to watch for potential gap fills as downside targets for this pullback:
$260 —> $215
These are potential targets, not certainties. Price action around key support levels will determine whether the bearish thesis plays out.
Sometimes the chart tells you that someone might know something before the market does.
That was clearly visible in $GOOGL after the price broke down from the triangle pattern.
Today’s earnings report tells only part of the story. Despite strong revenue growth and impressive Cloud performance, the earnings miss and massive AI spending raise questions about profitability and cash flow.
I think it may be time to watch for potential gap fills as downside targets for this pullback:
$260 —> $215
These are potential targets, not certainties. Price action around key support levels will determine whether the bearish thesis plays out.
