The Long Investor
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$GOOG TOP 20
🕑 Added 2025-02-05 10:47:47 +0000 UTCOk let's start with $GOOG.
Revenue beat but EPS slighted missed by 0.23% but FCF estimates missed by 8% and what we have seen from assessing a lot of earnings reports, FCF is a big factor in determining a reaction post earnings and is likely the reason why the share price is down -6.5% in the PM now.
That being said....(and there are no changes to the chart)
Where is the price right now?
Exactly on the green support line at $193, above the ascending triangle bottom line and comfortably above the 50 Day MA at $190.
Each of these levels can still be tested today but holding them and I am not seeing much concern.
Right now, it is a standard retest of a support level, which we saw this week during the Tariff Fiasco and support levels held.
Worst case scenario is a drop down to the 200 Day MA at $175 next.
Comments
Joel
Wait for ABC correction if a new entry to the stock?
Jessica Medina
Do we melt up and then to correction levels?
