$GOOGL - strong pullback but long term uptrend intact

٢٨ يوليو

Strong earnings surprise for previous few quarters, and strong uptrend intact as shown by 50 and 150SMA trend lines. Short term pullback is a great time to add onto current GOOGL positions, 150SMA act as strong support at USD 160 also with forward EPS expected to be approx USD 8 it indicates a great value to add GOOGL at USD 160 as it reflects 20X fair value multiple