- summary:
- Google shares are trading at $ 151 before large technology profits. Can AlPabet restore the level of $ 160, or will we see more negative side?
Google was traded at $ 151 from $ 205 in February. The alphabet shares of Alphabet reflects a wider weakness through major technology, as traders prepare for the first quarter profits and updates about AI-Tilletum and Cloud Business.
With Microsoft and Meta set for the report this week, the markets enter a pivotal extension that can determine the next station of technology shares.
Advertising revenues in focus with AI and cloud competition strictly
Competition was heated in the cloud and artificial intelligence. Amazon and Microsoft even further pushes AI Enterprise solutions, where Google Cloud is still vulnerable. Signs of lost market share or weak guidance can be highly weighing feelings.
Large technology profits will reveal how capital expenses are heading. AI AI Alphabet investments in Google Cloud and DeepMind may increase future revenues, but Wall Street wants results now.
Abbey technical analysis
- Current price – 151.47 dollars
- Immediate resistance – $ 156
- The level of hack
- The main support is $ 147 – the neckline is the lowest level in April.
- If he violated 138-10 months of decrease and target bear
The momentum remains negative until Google recovers $ 160 with size; The least resistance path remains.
conclusion
The alphabet is heading to a week of great technology profit at a weak level. If the results of the advertising and the cloud are disappointed, Googl can test $ 147 or $ 138. But the strong rhythm, especially on research and artificial intelligence, can turn the text program and ignite recovery about $ 160 +.
