Usman Salis
⬤ Google's shares are sitting in a tight trading range after a strong run-up, hovering around the $309 mark on the extended daily chart. Here's where it gets interesting: SpaceX's latest valuation hit roughly $800 billion, which means Google could be looking at an earnings bump of over $33 billion from its stake when the next quarterly results roll around. The stock's taking a breather after climbing hard, which is pretty typical after a big move like that.
⬤ Looking at the technical picture, GOOGL has shifted from rally mode into what traders call a bull flag—basically a pause that keeps the uptrend alive. The price is hanging above several weekly demand zones that previously caught buyers on the way up. Recent candles show the range getting tighter, which usually means volatility is cooling off while the stock digests its gains rather than giving them back.
SpaceX's recent valuation of around $800 billion implies that Google could see an earnings boost of more than $33 billion from its stake this quarter.
⬤ The chart points out multiple support zones sitting below the current price—spots where buying pressure showed up earlier in the move. The fact that GOOGL is staying above these levels suggests the broader uptrend is still holding together. At the same time, the sideways action near resistance shows the market's being cautious, weighing both the technical setup and what Google's SpaceX position might mean for the balance sheet.
⬤ This setup matters because it blends chart patterns with real fundamental developments at one of tech's biggest players. The potential earnings contribution from SpaceX shows how investments outside the core business can move the needle on quarterly numbers. Meanwhile, the price action near elevated levels tells us how traders are positioning themselves ahead of what could be a significant catalyst for GOOGL's next move.
Usman Salis
