Google Earnings: Wah, Beat Earnings But Stock Price Still Kena Dip Ah?
Hi everyone, so Google earnings beat on broad but stock price still can dip one. Now, where will $Alphabet(GOOGL)$
First, we look at the charts. Wah, see Alphabet, ah, trending above the 200-day MA like a good student, but ah, flirting with the 50-day MA like got no commitment. Overall trend still bullish lah, but a bit jialat if we drop below the 50-day MA.
Now, let's look at the options market. Wah, so many calls at 185, 190, 195, and 200. These levels ah, like your uncle's mahjong table, everyone waiting to take profit and say "Huat ah!". On the other hand, lots of puts at 170, so got support if the stock price drops. Like a rubber band, not so easy to move up or down, you know.
Post earnings, Alphabet announced very good results, broad beat on earnings, and cloud also very power. The stock price shot up to $187 for a moment, like National Day fireworks, but then fell to $178. Aiyoh, YouTube earnings decline, investors worry. In a bull market, people usually close one eye, but this time, even with good earnings, investors still critical. Shows the market sentiment quite bearish lah. Expect this choppiness in the market all the way until the presidential election, so investors ah, please be careful.
Personally, I think Google will be hovering around the 170 to 190 range unless $Meta Platforms, Inc.(META)$
What do you all think? Share, like, and comment leh!
Modify on 2024-07-24 13:04
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$750 billion in market value wiped by google & tesla earnings.
Yeah not a bad earning however the market is behaving terriblely