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Offbeat Trading Idea Alphabet: Under constant fire

16:00  22 february  2021
16:00  22 february  2021 Source:   finanzen.net

GameStop, Reddit, and Robinhood are testifying to Congress today. Here's what to expect.

  GameStop, Reddit, and Robinhood are testifying to Congress today. Here's what to expect. Reddit may side with individual investors, Robinhood might try to condemn hedge funds, and Congress will likely call for market stability.The CEOs of Reddit, Robinhood, Melvin Capital, and Citadel will testify following an unexpected rally of GameStop stock driven by individual investors.

The large US Internet companies are currently under constant political fire. And even if they have been able to resist major regulatory interventions up to now, the whole thing is far from over.

TORU YAMANAKA/AFP/Getty Images © Provided by Finanz.net TORU YAMANAKA / AFP / Getty Images

For the time being, however, the market was largely calmed by very strong business figures. This is also the case with Alphabet , the Google mother. As is well known, there was a strong increase in sales and profits in the final quarter of 2020. It was even tolerated that the results in the important new business area of ​​the cloud fell short of expectations.

But this patience could be finite. Especially when there are new regulatory campaigns. Accordingly, the share price seems to be pretty exhausted at the moment. At least there are signs of a top formation for Class A shares in the $ 2,100 area, which could at least temporarily cause a setback to the $ 1,900 area in order to close the price gap from the beginning of February and thus clean up the chart technique .

Lawmakers facing off with GameStop saga's key players

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Speculative investors can rely on this perspective with a put warrant. We recommend an Open End Turbo Warrant from UBS with a leverage of 5.9. According to the technical chart correction potential at Alphabet, we would give the certificate a potential of a good 60 percent with a price target of around 4.70 euros. We set the stop loss at 2.00 euros.

• Underlying: Alphabet A

• Product type: Knock-Out Warrants

• Issuer: UBS

• ISIN: DE000UE5TR16

• Term: Open end

• Price knockout put (02/22/2021 1:48 pm ): 2.96 euros

• Base price variable: 2,414.38 dollars

• Knock-out threshold: 2,414.38 dollars

• Leverage: 5.9

• Distance to knock-out: 16.3 percent

• Stop- Loss Put: 2.00 Euro

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