GOOGL

All right, next up, we've got Google, one of the bigger companies in the stock market with a down day of 3.8%. You can see price action coming through and settling today's close right on this gap fill.

What we've got going on with Google are two things. largely we've been trading within the parallel channel. Breached the top ever so slightly, but now we find ourselves getting rejected by the 50% area of this parallel and coming right back down.

Google,

It makes sense, just as payment companies take a small share, which is another reason why I prefer dealing with Meta or even Google; Firstly, because they offer good products, sometimes better than Anthropic or OpenAI, and secondly, because their core business is very profitable, which is probably why they are able to compete on price.

They have distribution to more than 3 billion users worldwide. I think it's a small favor on their part.

if you look at my most important investment assets, you'll find that they usually tend to be Microsoft, Google, and Amazon. These are the giants in whom I already put most of my money .

The reason is that I feel the bigger they get , the more impregnable and difficult their competitive trenches become to penetrate.

I believe the telecommunications services sector is still leading the way this morning, and that's thanks to Alphabet Google, not Meta.

I recommend you keep an eye on Alphabet Google's telecommunications services stock again. Today, the stock is leading the rise by 1.5%, and if we look at it from a technical perspective, this is a three- year weekly chart.

If we draw a downward trend line from the highest closing levels on the weekly chart, we will find that we have already passed the 20-week moving average. If we draw another downtrend line from the highest trading points, we can say that the $368 level is the next major resistance area before the price attempts to break through it, and that the MACD indicator is also in an upward position .

These are the types of technical analysis that have already seen strong continuation over the past two weeks.

About 18 months ago, Shawn pitched Alphabet as the cheapest of the Mag 7 back when the market was busy pricing in the death of search. But since that episode, the stock has roughly doubled and the death of search never actually showed up.

What did show up as a company that now plans to spend around $200 billion in a single year on data centers, has stopped buying back its own stock entirely, and has raised over hundred billion in capital to fund this spending.