Verified InvestingANALYSTJul 31, 2026“GOOGL bounced off a key trend line after its earnings flush, but repeated tests weaken the line, raising breakdown odds if revisited.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
the reason their earnings Alphabet's earnings were fantastic. But, the kicker was that they upped their CapEx spending, so the stock dropped. Where did it drop? Right into a great technical trend line. Look at that trend line, right there, and then there's your bounce.
Risk
just be aware that the more times you hit this line, the weaker it becomes, which it tells me that while this could continue up, and I'm not going to short it yet, it have to go higher. If it ever comes back down to this level, the odds will start to favor a breakdown.
The structured call
The receipt
Publish-day price $$336.71 · the claim is anchored to the moment it was said.