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danigarciarey
Mar 13, 2023 11:57 AM

Alphabet Price Prediction 2023 (LONG) Long

Alphabet Inc - C (Extended Hours)Capital.com

Description

Alphabet Long price prediction for end of 2023 following Gann analysis and Fibonacci retracement, as usual.

LEVELS
  • Conservative: 98.30 USD (+ 9%)
    Moderate: 103.40 USD (+ 13.7%)
    Most realistic: 107.3 USD (+ 17.9%)
    High Risk (out of Fibonacci): 113.3 USD (+ 24.46%)
    Unrealistic (still inside of Gann): 130 USD (+ 42.75%)
Comments
Helios_Capital_Investment
What is your reasoning behind this trade?

Do you think technical analysis is taking precedent over real world issues right now?
Not saying your chart is wrong but I would appreciate some insight into your reasoning
danigarciarey
@jcons212, Real world issues usual have little to nothing to do with tech companies. After the bankruptcy of the silicon valley bank the techs barely moved downwards when everyone was expecting them to crash. Also, Alphabet is not a search engine anymore. AI, Big Data, machine learning and other services are what define the pillars of the company. If we ended up in a global conflict, I think it's pretty clear that this would highly benefit companies like Alphabet. Remember data is key.

So yes, my analysis is not only tech but also fundamentals. Whoever neglects any of them two, either lack experience or likes loosing money.

But thanks for the insight anyways. Have a lovely day.
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