Sabah Equity Research is taking a bullish stance on Alphabet (GOOGL) as Elliott Wave 2.0 suggests a 45% upside from current levels. With the stock trading at an attractive valuation, this presents a strong opportunity for long-term investors.
Elliott Wave 2.0 Predicts the Next Leg Up
After completing a healthy ABC correction, Alphabet is now primed for a Wave 3 expansion, historically the most powerful phase in the Elliott cycle. The technicals suggest that GOOGL’s recent consolidation is a launchpad for the next move higher.
Catalysts for Growth
Massive Cybersecurity Acquisition
Google’s parent company, Alphabet, is set to acquire Wiz, a leading cloud security firm, for over $30 billion—its largest deal ever. This strengthens Google’s cloud security dominance and accelerates revenue growth.
Undervalued Growth Potential
Despite its leading position in AI, cloud computing, and search, Alphabet trades at a discount compared to peers. This disconnect presents a compelling buying opportunity before sentiment catches up.
AI and Cloud Expansion
Google’s aggressive push into AI and cloud services positions it for massive future gains. With rising demand for AI-driven search, advertising, and enterprise solutions, Alphabet’s growth runway remains robust.
The Trade Setup: Positioning for the Upside
With Elliott Wave 2.0 pointing to a 45% rally, Sabah Equity Research sees Alphabet as a strong long-term play. The combination of cheap valuation, a game-changing acquisition, and a favorable technical setup makes this an ideal entry point.
Smart money is accumulating—will you? 🚀
Elliott Wave 2.0 Predicts the Next Leg Up
After completing a healthy ABC correction, Alphabet is now primed for a Wave 3 expansion, historically the most powerful phase in the Elliott cycle. The technicals suggest that GOOGL’s recent consolidation is a launchpad for the next move higher.
Catalysts for Growth
Massive Cybersecurity Acquisition
Google’s parent company, Alphabet, is set to acquire Wiz, a leading cloud security firm, for over $30 billion—its largest deal ever. This strengthens Google’s cloud security dominance and accelerates revenue growth.
Undervalued Growth Potential
Despite its leading position in AI, cloud computing, and search, Alphabet trades at a discount compared to peers. This disconnect presents a compelling buying opportunity before sentiment catches up.
AI and Cloud Expansion
Google’s aggressive push into AI and cloud services positions it for massive future gains. With rising demand for AI-driven search, advertising, and enterprise solutions, Alphabet’s growth runway remains robust.
The Trade Setup: Positioning for the Upside
With Elliott Wave 2.0 pointing to a 45% rally, Sabah Equity Research sees Alphabet as a strong long-term play. The combination of cheap valuation, a game-changing acquisition, and a favorable technical setup makes this an ideal entry point.
Smart money is accumulating—will you? 🚀
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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.
Related publications
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.