Transcription
Hi, this is Kri Arac with Wicket Stocks, bringing you an individual stock pick in Alphabet Inc, uh, Google, otherwise formerly known as symbol GOOGL. I did record this video on Thursday, March 13, 2025. Uh, we're going to walk through the charts; it's going to be the same chart throughout. Um, but before I do so, uh, let's take a look, a basic, a brief look at the basic fundamentals, courtesy of Yahoo Finance: $2 trillion market cap, average daily volume almost 30 million a day over the last 3 months. So, uh, I don't need to say any more about Google.
The weekly bar chart—this one goes back about 10 years—we're going to zoom in, uh, open this up just a bit, over the last four or five years, and show you the market is presently approaching, uh, meaning full support. This is a trend support, uh, at least I'm going to call it midterm trend support. Um, it may well contain selling through the rest of the year, uh, I'm going to say, uh, through April, uh, is quite possible. And from here, you can see we've got these moves that are 3 to 5 month moves. Uh, and so from here, from 160.47, which is rising 51 cents a week, by the way, for this week, uh, March 10th, uh, rising 51 cents next week, etc., etc., it'll be 160.98 next week. Uh, this is your base of support, uh, to buy into. And from here, we can round up; we don't have, uh, an objective mapped out just yet, but a roughly channel resistance that is 209.60, also climbing 51 cents a week. So from here, over the next 3 to 5 months, we can push quite easily into the 210s, 220s, as that channel top is rising, and I think that that is realistic, um, unless we close below 16.47, which I'll get to in a moment. But I do see, uh, the, you know, you've got 204.2; that's the high settlement price on the weekly chart, all-time. You have the all-time high from February of 2025, and then I think the more meaningful sellable resistance and the, the sell short resistance, really rotating out of a long position into a short position, uh, would be a settle, a testing of the 209.60 formation.
So, holding above 16.47 over the next 3 to 5 months, 209.60 in reach in terms of buying this on strength because, by definition, bottom picking 160.47 is sort of, uh, uh, standing, uh, in the way of a a nearer-term bear move, of course. So you're, you're buying weakness if you're uncomfortable with that, and you're waiting for the next show of strength following the testing of this 160.47, uh, formation. And we have slipped into the 1% zone this week, so I'm going to call it a test so far. That would be just closing, and I don't see this of Friday, you know, March 14th; it's certainly possible, uh, but with the way the markets are behaving right now, uh, it's going to take, it would take into next week to close back above 160.46, and that'll be meaningful. Um, uh, regardless of whether we take out this week's low or not, next week if we take, take out this week's low next week and then close above last week's high, that's a key reversal, uh, formation, which is a a show of an oversold market that is likely to trade higher; or, uh, we do not take out this week's low and next week we close above 160.46, that's also a buy signal. So for the next week, 160.46 will have meaning if we close above it; that is your next sign to go long Alphabet after having tested long-term support at 16.47, or midterm if you will.
Now, for the downside, I'll just cut to the chase and show an extreme channel bottom that is parallel with 16.47, and that is a 2-year structure. So this is why I labeled 16.47 more midterm support, but you can call it long-term; it is a 3 to 5 month play to the upside into the 210s, 220s, uh, as we move into the third quarter, let's say. Um, but if we close below 16.47, I only see that as a near-term sell signal, uh, over the following, with the present rate of volatility, 3 to 5 weeks, so possibly by the end of April, I'd say into May at the latest; call it a 1 to 2 month sell signal if we close this week below 16.47. And that should be by a 1% margin; this week's 1% threshold is 158.86. A Friday settlement, March 14th, of 158.86 or lower does indicate 142.46. And so, you know, uh, near-term, uh, traders who like to trade both sides of the market can make use of that if we do settle at 158.86 or lower. If you're long, you can reverse and play the short side down to 142.46. You, you might also reach for, say, 145 strike out-of-the-money puts; it don't expire; I'd go 3, 4 months out on that expiration date, given the 1 to 2 month time horizon that I would expect it to play out. You also have the old high from November of 2021 of 115.96; that is a near-term sell signal only for Alphabet. We could then, within a month or two, test 142.46, where we could bottom out through the rest of the year, um, and then from there rally into 226. From there, we could rally to new highs following a test of 142.46, but that would take the better part of a year, uh, from what I can tell.
Um, is there anything else to say beyond what I already have? And I don't think so. I'm going to leave it at that for this week's, uh, stock pick on Alphabet Incorporated. You have a great day.