This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

Are you into artificial intelligence (AI) stocks?

AI continues to develop at an exponential rate and their stocks remain hot.

A number of AI stocks have even taken a beating, but not this AI stock.

The king of AI reigns supreme and its share price looks to form another new 52-week high.

Which stock am I referring to?

It’s none other than Alphabet, which used to be known as Google.

Brief History of Alphabet

Source: abc.xyz

Before 2015, Alphabet was known as Google.

Alphabet was formed to be a public holding company, housing its companies such as Google, Nest, Fiber, and more.

The largest of them all is Google.

Google started off as a search engine which grew to become the humongous company we are familiar with today.

Business Model and Financials

Source: tradingview.com

Has the restructuring of the company benefited its finances?

From the bar chart above, It’s clear that Alphabet’s total revenue (blue bar) has been rising since the restructuring.

That’s positive news.

What about its net income (yellow bar)? Has it been rising every year as well?

There was a decrease in 2017 and 2022.

Knowing that Alphabet is a technology company and runs many research and development projects, I think that it’s passable.

Besides, Google Cloud has finally made a profit after so many years!

To profit from Alphabet’s shares, it needs to continue rising in price.

Does it stock look like it’s capable of that?

Technical Analysis on Alphabet (NASDAQ: GOOGL)

I think it does!

Without the need to plot any technical analysis tools such as support and resistance, you can tell whether Alphabet’s shares are likely to rise.

How?

By focusing on the 2 main technical indicators on the chart – the green arrow and the Trend Impulse Factor.

Looking at the last candle of Alphabet, there’s a green arrow under it. This suggests that a new uptrend is here!

Next, do you notice that the Trend Impulse Factor’s bar is dark green in color? This indicates that there’s momentum and it’s likely to stay!

With both indicators showing up at the same time, your chances of success is much higher.

Therefore, I think that you should be buying the king of AI’s shares now.

Conclusion

Source: unsplash.com

Alphabet has been around for a handful of years. Its financial performance has been solid, growing its total revenue every year.

A look at its price chart indicates a new bullish movement, with momentum likely to continue. So, you can feel more confident in buying its shares for a position trade.

Both the arrow and Trend Impulse Factor indicator have been tested and proven. They form the TradersGPS (TGPS) system to help you decipher if a stock is ripe for a position trade. You won't have to feel in the dark and make wild guesses.

If you’re struggling to make money from the market, just do this ONE thing in 2023:

If you’re like most people, you probably think that building a profitable side income stream from the stock market is something that is extremely difficult to achieve, and time-consuming as well.

And you probably know that one friend or relative who has lost a lot of hard-earned money to the market despite being ‘experienced’.

And especially since 2022 was a time when we saw many people in the red, bag-holding 20-80% losses…

It’s understandable to see why most people have such a grudge towards the idea of profiting from the market.

But what if I told you that amongst the many skills required to be profitable in trading…

There is one simple skill that will never make you feel that making money in the stock market is difficult ever again?

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If you have heard of this before but still do not have it figured out yet, let today be the day you get it right.

You see, the #1 problem with most ‘experienced’ traders who just can’t seem to make money consistently from the market despite having consumed tons of learning resources & materials is not because there is a problem with their strategies.

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Stocks that have very bad set-ups, price movement, andin general just a low probability of moving in the direction you wish for.

In fact, this process of picking the right stocks is a crucial step that most people don’t even think about.

Ask yourself this, what is your current process for knowing what stocks to buy?

Companies that you like such as TSLA, META, AAPL etc..?

Stocks that your friends tell you to buy?

Stocks that you read about in financial news, blogs or Youtube videos?

Or even stocks that you spend hours reading up their financial reports and doing fundamental analysis?

If you have done any one of the above, you are making a dangerous mistake and that has to change.

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That’s how exactly I was able to still execute 20-40% and higher trades last year when the entire market was down.

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P.S You can also get to ask me any stocks you are currently thinking of buying and I’ll show you if it’s a strong stock and whether the odds are stacked in your favour or not!