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When you are tasked to do a search online, you go to Google or say google something......Nobody says Bing something. That is the power of top of the mind branding . The first brand that comes to consumer mind constantly win. Fast food = Macdonald, Coffee = Starbucks, Credit card = Visa, Electric Vehicle = Tesla ,etc.
These boys have spent lots of money building their brands over the years so much so their products are more than its functional parts. An automotive vehicle like the Benz and Rolls have become a luxury status symbol, associated with the haves and have not.
Microsoft may be able to steal some market share from Google's search engine business but the major slice of the business still lies with Google. And I think it is way too early to conclude the findings at this juncture when we are witnessing the ChatGPT revolution now.......
Mergers and acquisitions may take place down the road for market shares to expand and territory to conquer.
This temporary drop in share price is viewed as an opportunity for me. What about you ?
When you are tasked to do a search online, you go to Google or say google something......Nobody says Bing something. That is the power of top of the mind branding . The first brand that comes to consumer mind constantly win. Fast food = Macdonald, Coffee = Starbucks, Credit card = Visa, Electric Vehicle = Tesla ,etc.
These boys have spent lots of money building their brands over the years so much so their products are more than its functional parts. An automotive vehicle like the Benz and Rolls have become a luxury status symbol, associated with the haves and have not.
Microsoft may be able to steal some market share from Google's search engine business but the major slice of the business still lies with Google. And I think it is way too early to conclude the findings at this juncture when we are witnessing the ChatGPT revolution now.......
Mergers and acquisitions may take place down the road for market shares to expand and territory to conquer.
This temporary drop in share price is viewed as an opportunity for me. What about you ?
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Praise God, those who went long are in profits now. 104.47 is a resistance level to watch, once it breaks above with a bullish signal , I will add on.Note
cnbc.com/2023/05/11/google-ai-event-sends-alphabet-stock-to-highest-price-since-august.htmlPraise Lord, congrats to all who bought this shares in Feb
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Praise GodNote
bearish pin bar close - signalling profit taking at this resistance levelNote
very strong resistance at 138-140 price range. If this level is breached, then we can see it rally to 150Note
short term trader can take profits
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.