$150 and up or down?
We have arrived at a quite important horizontal support for Alphabet stock. $150. the stock is down -25% from its ATH and looks attractive again. I have stacked a few pieces last week.
Now the question is, will we rebound from this support upwards or will this line deny support? Then we could fall another storey deeper, maybe towards $100-125. That would be in my view a very good opportunity to stack some more. The company is strong in many crucial tech areas like I said in this post. And the P/E is already quite moderate with a value of 18.
Earnings on the 24th
Coming week the company is reporting their latest quartely numbers. Will be interesting to see if growth catches up again and how they are doing regarding their AI investments.
Do you have Alphabet on your radar?
