Alamak! $Alphabet(GOOGL)$
Wah, we just got slapped with a massive gap up, but now blur like sotong what's gonna happen next. Once the market open, aiya, the stock price fallback liao, 170 like become new "lepak" spot.
Looking at the charts, wah, we now atas atas above the averages, means got strong bullish momentum lah. See, got gap up and pullback today, but we steady lah, still holding on to the gains. The RSI level show a bit overbought, maybe got pullback coming soon. But if next week still boleh continue rally, confirm fly higher liao.
Now, let's kaypoh the options market, we now 0.4 put call, means everyone sibeh bullish on the stock. But see, got many big shots playing with options at 160, 165, 170 levels, maybe want taking profits already thats why stock price pull back.
Now, maybe Meta drag Google down a bit, or maybe people just want to huat, but we know AI steady one, confirm plus chop steady. Google also announce massive buybacks, like ho seh bo? This means fewer shares in the market, so the stock we hold will huat. With all this, I think Alphabet probably end the week around 170, but once buybacks come in, confirm got fireworks!
What do you think will happen? Come chill and discuss!
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