GOOGL is on my buy watch list and reminds me of AAPL before COVID. Buffet made large investment in AAPL, stock ran up, fast decline in Covid and then big run up again. Same could apply to GOOGL, just change Covid to global energy/political/security crisis.
Stock outperformed SPY up until 2.4.26. Since then relative weakness to SPY, but if we exclude after hours gaps and only focus on trading hours action, GOOGL has been outperforming SPY since 2.4.26.
It's hard to say how deep discount we will see on GOOGL, but I dont see stock falling below $145. I am thinking $150-$170 range worse case. That is where 200 weekly MA is sitting and would act as a support. But it's possible that price will only touch low $200s. Will have to watch it.
My base case for the upside is ~$700, with optimistic view being $900-$1100.
Stock outperformed SPY up until 2.4.26. Since then relative weakness to SPY, but if we exclude after hours gaps and only focus on trading hours action, GOOGL has been outperforming SPY since 2.4.26.
It's hard to say how deep discount we will see on GOOGL, but I dont see stock falling below $145. I am thinking $150-$170 range worse case. That is where 200 weekly MA is sitting and would act as a support. But it's possible that price will only touch low $200s. Will have to watch it.
My base case for the upside is ~$700, with optimistic view being $900-$1100.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.