Google gapped up after it's earnings report. It has now retraced to fill those orders. If the uptrend were to continue, this looks like a logical place from which it would do so. A confirmation would be breaking through the descending channel .
We also had a better than expected earnings report, and it has seen continuous positive growth over the last several years, which is bullish for the share price.
Companies around the world are moving away from traditional computing infrastructure and towards cloud storage. Google Cloud is one of the few companies with the vast infrastructure in place to take advantage of this shift.
We also had a better than expected earnings report, and it has seen continuous positive growth over the last several years, which is bullish for the share price.
Companies around the world are moving away from traditional computing infrastructure and towards cloud storage. Google Cloud is one of the few companies with the vast infrastructure in place to take advantage of this shift.