Alphabet Inc. (GOOG/NASD/S&P500)
11 September 2017, 13:09
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 930.10 |
| Take Profit | 935.00, 940.00, 945.00 |
| Stop Loss | 925.00 |
| Key Levels | 908.00, 916.00, 924.00, 930.00, 936.00, 942.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 923.90 |
| Take Profit | 915.00, 910.00 |
| Stop Loss | 929.00 |
| Key Levels | 908.00, 916.00, 924.00, 930.00, 936.00, 942.00 |
Industry: Internet-provider of information
Current trend
European Commission is considering the plan of Alphabet Inc. to terminate the actions aimed at the promotion of its own trading services in Google. In the end of August a fine in the amount of $2.7 bln was charged from Alphabet Inc. as a result of studies that showed that the company illegally promoted its own services by placing advantageous prices.
Alphabet Inc. has entered the final stage of negotiations with HTC about the purchase of their smartphone business. The details of the transaction are not disclosed.
During the previous week the stock of Alphabet Inc. dropped by 1.37%. S&P500 went down by 0.54% within the same period of time.
Comparing company's multiplier with its competitors, we can say that Alphabet Inc.'s shares are neutral.
Key levels
Last week the stock of the company traded actively. However, no clear tendency was observed. Currently the technical picture is uncertain. Key support and resistance levels are 924.00 and 930.00 respectively. Indicators show the strength of the sellers. Still, positions may be opened from key levels.
Support levels: 924.00, 916.00, 908.00.
Resistance levels: 930.00, 936.00, 942.00.
Trading tips
In case of breaking through and retesting the level of 930.00 long positions may be opened. Potential profits can be locked in by orders at 935.00, 940.00, 945.00. Stop-loss will be placed at 925.00.
If the price consolidates below 924.00, one may consider selling #GOOG. There is a potential of movement to 915.00-910.00. Stop-loss should be placed at 929.00.
Trading tips will be relevant for 3 days.
Current trend
European Commission is considering the plan of Alphabet Inc. to terminate the actions aimed at the promotion of its own trading services in Google. In the end of August a fine in the amount of $2.7 bln was charged from Alphabet Inc. as a result of studies that showed that the company illegally promoted its own services by placing advantageous prices.
Alphabet Inc. has entered the final stage of negotiations with HTC about the purchase of their smartphone business. The details of the transaction are not disclosed.
During the previous week the stock of Alphabet Inc. dropped by 1.37%. S&P500 went down by 0.54% within the same period of time.
Comparing company's multiplier with its competitors, we can say that Alphabet Inc.'s shares are neutral.
Key levels
Last week the stock of the company traded actively. However, no clear tendency was observed. Currently the technical picture is uncertain. Key support and resistance levels are 924.00 and 930.00 respectively. Indicators show the strength of the sellers. Still, positions may be opened from key levels.
Support levels: 924.00, 916.00, 908.00.
Resistance levels: 930.00, 936.00, 942.00.
Trading tips
In case of breaking through and retesting the level of 930.00 long positions may be opened. Potential profits can be locked in by orders at 935.00, 940.00, 945.00. Stop-loss will be placed at 925.00.
If the price consolidates below 924.00, one may consider selling #GOOG. There is a potential of movement to 915.00-910.00. Stop-loss should be placed at 929.00.
Trading tips will be relevant for 3 days.
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