Public trading strategy
SpaceX signs massive cloud deal with Google before its IPO — buy Google for the
Thesis
SpaceX going public is the biggest financial event of the year. The company just locked in a deal to pay Google nearly a billion dollars a month for cloud computing, proving how massive their AI and space plans are. This will directly boost Google's revenue, making Google stock an indirect way to profit from the SpaceX launch. Buying Google ahead of the SpaceX IPO gives you a piece of the action without the extreme volatility of the initial offering.
Strategy approach
Build a swing trading strategy for GOOGL on the Daily timeframe. Enter long when the price breaks above the 5-day high. Exit when the price fails to close above the 5-day low, or after a 10-day holding period.