| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 155.05 |
| Take Profit | 167.00 |
| Stop Loss | 150.00 |
| Key Levels | 137.00, 148.00, 155.00, 167.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 147.95 |
| Take Profit | 137.00 |
| Stop Loss | 154.00 |
| Key Levels | 137.00, 148.00, 155.00, 167.00 |
Current trend
Shares of the American holding company Alphabet Inc. are trading in a local uptrend at 152.26.
Yesterday, the Piper Sandler Co. analysts noticed several new advertising blocks from Google related to user search and retargeting in the Pinterest app, which confirms the fact of testing services in order to conclude an agreement in the future. If these observations turn out to be correct, the deal with Pinterest Inc. may be even faster than the recent agreement with Amazon.com Inc.
The financial report will be published on April 23, and analysts predict a decrease in revenue to 78.71 billion dollars, which is higher than the average in 2023, but below the record of the previous quarter of 86.31 billion dollars. Earnings per share (EPS) could be 1.51 dollars, also above the average of 1.43 in 2023 dollars, but down from 1.64 dollars a quarter earlier.
Support and resistance
On the D1 chart, corrective growth is developing within the ascending channel with dynamic borders of 163.00–134.00, and the price is preparing to update another historical maximum of 155.00.
Technical indicators maintain a stable buy signal: the range of fluctuations of the EMAs of the Alligator indicator continues to expand in the direction of growth, and the AO histogram is trading in a positive zone, forming new ascending bars.
Support levels: 148.00, 137.00.
Resistance levels: 155.00, 167.00.
Trading tips
If the asset continues to grow and the price consolidates above the resistance level of 155.00, one may open long positions with the target of 167.00 and stop-loss of 150.00. Implementation time: 7 days and more.
In case of a reversal and continued decline of the asset, as well as price consolidation below the local support of 148.00, one can open short positions with the target of 137.00 and stop-loss of 154.00.
คำชี้แจง (Disclaimer) : เนื้อหาข้างต้นเป็นเพียงมุมมองของผู้เขียนแต่เพียงผู้เดียว และไม่ได้แสดงหรือสะท้อนถึงจุดยืนอย่างเป็นทางการของ Followme แต่อย่างใด Followme ไม่รับผิดชอบต่อความถูกต้อง ความครบถ้วน หรือความน่าเชื่อถือของข้อมูลที่ปรากฏ และจะไม่รับผิดชอบต่อการดำเนินการใด ๆ ที่เกิดขึ้นจากเนื้อหานั้น เว้นแต่จะมีการระบุไว้เป็นลายลักษณ์อักษรอย่างชัดเจน
