Alphabet Inc

GOOG remains in a Stage 4 distribution with lower highs and lower lows undercutting the 9- and 20-EMA, consolidating around the 200-day SMA. Under the Compounders strategy, trimming into resistance near the 200-day SMA and 20-EMA (~337–338) is advised, deferring aggressive entries until clear rejection occurs. Failure to reclaim above key EMAs would reinforce the medium-term bearish bias.

• ↑Q2 revenue reached $119.8B, up 24% YoY on AI and ad spend
• ↑Google Cloud sales soared 82% YoY to $24.8B with a $514B backlog
• ↓Q2 free cash flow turned negative $5.9B on $44.9B CapEx