<Fundamental>
US equities continue to post record highs, driven by stronger-than-expected 2Q earnings and optimism over ongoing trade agreements. Alphabet’s (GOOGL) Q2 results reaffirmed the accelerating pace of AI-led growth. The company’s cloud revenue surged 32% YoY, up from 28% in 1Q, and it raised its full-year capex guidance from $75B to $85B.
<Technical>
Alphabet (GOOGL) remains firm within its ascending channel. The price solidly holds above both EMAs, indicating the potential extension of bullish momentum. If Alphabet (GOOGL) holds above EMA21, the price may gain upside traction toward the previous high at 198.00. Conversely, if Alphabet (GOOGL) breaks below the support at 189.50, the price could retreat to the next support at 184.30.
US equities continue to post record highs, driven by stronger-than-expected 2Q earnings and optimism over ongoing trade agreements. Alphabet’s (GOOGL) Q2 results reaffirmed the accelerating pace of AI-led growth. The company’s cloud revenue surged 32% YoY, up from 28% in 1Q, and it raised its full-year capex guidance from $75B to $85B.
<Technical>
Alphabet (GOOGL) remains firm within its ascending channel. The price solidly holds above both EMAs, indicating the potential extension of bullish momentum. If Alphabet (GOOGL) holds above EMA21, the price may gain upside traction toward the previous high at 198.00. Conversely, if Alphabet (GOOGL) breaks below the support at 189.50, the price could retreat to the next support at 184.30.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.