HUBS bear flagging here After a big drop from the peak and trend line break, a beautiful bear flag here.
If this breaks 425 , we can see 350 quick.
Target 350
Stop loss - 500
Hubspot
Alphabet's Potential Bid for HubSpot Sends Stock Soaring by 9%Alphabet's reported contemplation of acquiring HubSpot ( NYSE:HUBS ), a prominent player in the marketing software arena. The news, initially broken by Reuters, sent ripples across the market, with HubSpot's shares surging by a notable 9%. This potential acquisition holds significant implications not only for the involved parties but also for the broader tech industry amidst escalating antitrust scrutiny.
Antitrust Landscape:
Alphabet's deliberation on acquiring HubSpot ( NYSE:HUBS ) comes at a critical juncture when big tech companies face intensified antitrust scrutiny. With the Department of Justice (DOJ) launching multiple antitrust suits against Google, including a recent endeavor to dismantle its ad business, the tech behemoth finds itself navigating turbulent regulatory waters. Against this backdrop, Alphabet's strategic moves warrant meticulous examination, especially regarding potential antitrust implications.
HubSpot's Value Proposition:
HubSpot ( NYSE:HUBS ), headquartered in Cambridge, Massachusetts, has carved a niche for itself as a leading provider of marketing, sales, and customer service software. Boasting a market capitalization of approximately $32 billion, HubSpot ( NYSE:HUBS ) stands as a formidable player in the realm of digital marketing solutions. Its suite of offerings empowers businesses to streamline their marketing efforts, enhance customer engagement, and drive growth—a proposition that aligns seamlessly with Alphabet's broader strategic objectives.
Strategic Rationale for Alphabet:
For Alphabet, a potential acquisition of HubSpot ( NYSE:HUBS ) could unlock synergies and fortify its foothold in the competitive marketing software landscape. By integrating HubSpot's robust suite of tools and expertise into its ecosystem, Alphabet could bolster its offerings to advertisers and businesses, fostering deeper engagement and amplifying revenue streams. Moreover, amidst mounting regulatory scrutiny, diversifying revenue streams beyond its core ad business could mitigate antitrust concerns and enhance Alphabet's resilience in an evolving regulatory landscape.
Challenges and Considerations:
Despite the allure of such a strategic move, Alphabet faces a myriad of challenges and considerations. Foremost among these are regulatory hurdles and antitrust scrutiny, with policymakers closely scrutinizing tech giants' consolidation efforts. The DOJ's recent antitrust suits against Google underscore the heightened regulatory scrutiny pervading the industry, potentially complicating Alphabet's pursuit of HubSpot. Additionally, valuation negotiations and shareholder sentiments pose additional complexities, necessitating prudent navigation by Alphabet's leadership.
Technical Outlook
Hubspot ( NYSE:HUBS ) is trading with a Relative Strength Index (RSI) of 66.67 indicating Buyer's optimism to drive the share price higher. NYSE:HUBS which is currently up by 8.4% as of the time of writing, is trading above the 200-day Moving Average.
It is also worth mentioning that the stock consolidated at the $506 -$635 support level, gathered supply and spiked to the current level of $678 finding new resistance level.
HUBS updateI posted the idea yesterday on turkey 101, here is the precise expectations:
- drop to ~353 by mid next week, small bounce then continuation to the 332-340 range to complete wave 4 before August concludes
- wave 5 will be around 438-456 and realized in December
Cool company, among the most volatile names, went from 90 in Mar 2020 because of covid to 860s in 1.5 years - got discounted appropriately (perhaps over-discounted) and now investors have seen what it can do - earnings supported that and reaction was over exuberant, now need to retrace and will get bot up in the 330-350 range in coming weeks. meantime short it
HUBSPOT | Guess SpotHubspot has been riding a nice channel up since March low. But what stock hasn't? There was some BIG sell volume from the previous week which lets me know that we will be sitting sideways for the comming weeks. As I've annotated before, the earnings will dictate the future direction.
OVERBOUGHT!! - Add to watchlistAlthough a good stock to add to the watchlist, it is currently overpriced.
I would like to see this get below the 80MA which according to the Williams% chart, tends to be when the stock is oversold.
HUBS currently needs a lot of movement to get down to the 80MA, set alarm up crossing the $200 and watch daily from there moving forward.
The green area is an up trending resistance zone which has been recently tested, will it breakthrough the resistance?
There's a good chance it will however I'm hoping for a correction, where speculators can potentially buy in around the $225 mark.
I personally won't but I don't like to speculate or take the riskier approach.
HUBSPOT - Upward channel break down - Open Short positionHubspot has recently broken it's upward channel to the downside and retested it. I opened a short position @ 157.5 with a target at 125.
Autonomous AI Trading Downgrades HubSpot $205 to Strong SellIndeed! Sell and go short now that Americans started buying at $200 when the world's best investors were dumping hard on them. Hilarious!
Alex Vieira Offers SURREAL Profits to InvestorsCRASH!!! SURREAL PROFITS LIVE! Everyone is laughing hard. Refer to the previous chart
