TradingKey – With Alphabet (NASDAQ: GOOGL) at $359.04, the 4H chart reflects a rejection off a descending trendline resistance while hovering at a neutral 58.10 RSI, signaling a short target of $341.80. The Q1 2026 data release on April 29 was a beast in the headlines. Google saw total sales of $109.9 billion, representing a 22% YOY rise and surpassing consensus expectations by $2.7 billion ($107.2 billion). Google Cloud generated $20.03 billion and grew by 63%, exceeding $20 billion for the first time and beating StreetAccount consensus by $1.98 billion. Cloud operating margin rose 15.1 pts YoY to 32.9% from 17.8% in Q1 2025. 

Google Cloud ended Q1 2026 with a backlog of $462B, a nearly sequential doubling. CEO Sundar Pichai said…