FANG Index is back at AllTimeHighIt´s insane how powerfull and quick the well known FANG Index is back on track at it´s AllTimeHigh $FB $AMZN $NFLX $GOOGL.
All of them have strong revenues, growth, profits and a chart, which knows only one way --> UP
Let´s see what´s coming next.
>> And never fortget ! -- Plan your trade and trade your plan ! <<
Alphabet
GOOGLE (Alphabet Inc) Was It Fake Breakout?
after a bearish breakout of a major trendline, the market recovered.
it is back above it and buyers show their willingness to buy!
it looks like this breakout was fake, and yesterday's violation of a horizontal range on 4H confirms that!
now I believe that google may continue growing in value.
key levels:
1275
1380
good luck!
please, support the idea with like! thank you
GOOGLE: Buy opportunity within the Channel Up.Alphabet Inc wasn't excluded by today's Coronavirus led pull back on the stock markets and declined below the 1D MA50 (blue line). The 1D chart turned bearish (RSI = 38.867, ADX = 33.996, Highs/Lows = -57.8228) but the price remains well within the long term Channel Up that started in July 2019.
The 1D RSI just hit a 7 month Support and in fact the last time that happened (October 2nd 2019), the price also had just crossed below the 1D MA50. This was when it made a Higher Low on the Channel Up and gradually rebounded. We are expecting a similar bullish reversal. Our Target Zone is 1,500 - 1,530.
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Long googl to 1.5 T$ companyBased on fundamental analysis if TAC doesn't increase google advertising income would rise sharply in 2020. New businesses specially in AI fields and 5G could double the bullish strength. The only risk I can mention about Google is EU tech tax or digital tax. Bullish trend would continue until digital tax will be introduced by UK or France and then I can update my Idea. Based on numerical analysis, EPS in next 4 quarters would be 12.9, 14.1, 14.1 and 17 USD. P/E could rise to 35 and even 40 by developing new platforms in AI fields.
GOOGLE 2 DIFFERENT TRADE PLANSI have 2 differen trade plans for google, white and yellow
Green would play out if market is in a long-term fresh bullish momentum
White would play out if overall market is just getting out of gas
This is a great indicator for overall market cause almost all advertisement is on google (inc youtube)
trade safe
GOOGLE - ALPHABET INCThis #googl trade was my best trade in 2020. I bought 10 call contracts at 1290usd strike price in december, and my contracts expired at 17th of January. One of the greatest trades in my life.
I guess now we're started a correction (small bear market) and this is where i am watching and planning for the next bullish trades. I am not looking for puts because we're in a giant bull market, and the rule is "TREND IS YOUR FRIEND)
Levels ill be looking for calls:
-1320 usd
-1180 usd
My target: at least 1570 usd
Of course i am waiting for some kind of setup before taking action. Always do your own research before taking any trade
Good luck
Do Alphabet bears even exist?Just some random thoughts, i actually think they have so much dominance in the overall market it's very hard for them to go down but..
Just seeing this chart could make it very easy..
Support turn resistance -> Support turn resistance
Also: More like a question in case anyone reads this:
Why is volume continuously falling?
Google
This week's candle closed strong indicating a continuation of the rally, possibly trying to reach for 1400 next. You need to be aware of one issue (marked pink). A distinctive failed reach for the upper formation trend line is a sign of weakness. This could lead to a breakout above (already happened) followed by a sharp reversal around Spring next year. This is interesting because it is echoed by current market technicals (sharp correction in Spring 2020).
Google's candle performance is deceiving and only "appears" bullish, even when it actually is, temporarily. The 'monthly' chart below shows clearly how the stock failed the formation throughout. This is seen when averaging the performance using step-line. The 'monthly' performance alone requires a downward correction of about 30-35% to become neutral again.
All you need to watch out for is the Bollinger Bands . An overshoot with a solid candle (on the 'weekly') and a reversal with another solid candle will be your strong-sell signal. Also look for a 'failed reach' of a solid candle on the upper b-band line.
The stock is bullish as long as it trades above 'a'. Close your long position if it closes below. Strong-Sell if it closes below 'b'.
I never liked this stock's technicals. But it's been requested by a few, so I will revisit this post continuously with updates if there's anything new & mentionable.
Sellers are taking control of Fitbit - buyers took profit."GOOGLE is in talks to buy the company" does not mean anything till they get a deal which could take months... a year. Sell the news.
50% rally from google in a "bid" to acquire the company. Sell that shiz.
GOOGL, Alphabet Inc. - Rectangle ready to breakoutNASDAQ:GOOGL
Google is continuing to maintain itself in this price range in which there has not yet been a clear breakout, even if the price is getting closer and closer to the level that interests us, the resistance of this rectangle.
As you can see in the chart on the timeframe weekly has a higher efficiency from the point of view of Risk Reward and Winrate.
We are trend followers and look for entry signals on certain assets that meet our parameters.
One advice: do not think you are making profits by trading intraday or by looking for patterns that are not sustainable from technical analysis.
Always take as a reference the best in the world if you want to follow someone. Everything else is not provable for us.
Ray Dalio, Peter Brandt, Warren Buffett, Jesse Livermore to name a few.