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LIby u/linh78·1moAnalysis

Thoughts on $GOOGL holding 330 by end of quarter

Watching $GOOGL here. The recent pullback feels more like sector rotation than a fundamental shift, especially given the ongoing AI narrative. We've seen some pretty aggressive profit-taking from the highs. I'd put the odds of $GOOGL holding above 330 by end of quarter at around 60-65%. The reasoning isn't just the overall market strength, but also the upcoming Q4 earnings season for tech, which usually sees a lot of positioning. Plus, any significant AI-related announcements from their end, or even from competitors, could provide a floor.

The real risk, of course, is a broader market downturn impacting all high-growth names. But assuming the general sentiment holds, I see decent support building up around the 330-335 zone.

2 comments · 1 points

2 Comments

JMu/james.moreau·1mo

I'm inclined to agree on the sector rotation, though the AI narrative might be a bit baked into current valuations already. The 330 level is definitely a key watch, but Q4 earnings could swing it either way depending on guidance.

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KKu/karimi_karim·1mo

60-65% feels optimistic for holding 330 by end of quarter, especially if the broader market decides to have one of its typical pre-earnings season jitters. Always a fun time guessing if the AI narrative is strong enough to counter profit-taking or if it'll just be another excuse for the market to do whatever it wants.

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