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Alphabet

ALphaBet The World by the TailAlphabet: Goog Google aptly re-named itself, becoming the world's biggest Alpha Bet in the process. So goes Google, so go world markets. It was expected to hold up at 987 line but in the event the low fell at 982. If you went fishing down there it's now just approaching key resistance at the 1024 line. Close out here and only get long again once 1025 is broken above with stops 6 lower. The next most vulnerable point on the upside is the upper dynamic at 1032 It has to break above here and then hold on the retest at 1025/4 to show that this is escaping the downtrend and worth adding or going long again at that point if so with stops below 1020 Then once it can break above the upper dynamic to start attracting more buyers still from there
NASDAQ:GOOGLong
by sumastardon
ALPHABET: GOOG Nature of the BeastALPHABET: GOOG Alphabet has two habits: it makes significant double tops quite often (3 times in this 2 year bull run so far) and when it creates a gap at earnings season it usually comes back to fill that same gap around 4-5 months later - and when does this it tends to do it twice, creating double bottoms as well as double tops. This is the one stock amonst the FAANGs that displays this kind of repeat behaviour so clearly, with one glaring exception, shown at the blue arrow. The biggest correction in the run is 15% in early 2016. Taking 15% off the highs = 1000. And 20% is 940, which coincides with fixed support at 942 and the lower supporting parallel. Perhaps in a panic it may spike this low but looking at past behaviour it should find support again at 987 by the close if it does fall this far first. Major suppoort exists at 904-900. It will take a close below here to derail this train.
NASDAQ:GOOG
by sumastardon
2
ALPHABET: GOOG Volatility = OpportunityAlphabet: GOOG Curious Case of the Unfilled Gap Normally when Google beats earnings expectaions it tends to gap up and away for a couple of months or more and then, eventually, momentum begins to wane and it comes back off to fill the gap. It's been that way for so many quarters now and every gap has always been filled in the end - and notice when it does get filled that moment (that day, not minute as with Bitcoin) presents the best buying opportunity you will find...every time....because it tells you in advance where the low should be. Helpful if you're looking to build a long position in any FANG. Works every time. Except once. That red arrow at 900 shows the one large gap here into new high ground that has never been filled. Friday's price action has led to a second test of the last gap created during last earnings season. For those with a technical interest there is also a fabulous island reversal showing at the very top of the rally with a tiny gap created to left of the red arrrow at 1160 followed by the massive fracture which begins from the same level. The ensuing bear rampage takes price all the way back to that same gap zone before it bounces again. Mind the Gaps. They are very interesting from a technical perspective and create some great short term trading opportunities on the rare occasions when a stock like GOOG runs into a consolidation phase. Having bounced from the gap zone GOOG has rallied to test the underside of the structure to its left at 1046-1050 and come to a temporary halt at 1037. Nasdaq is likely to remain volatile next week, the environment we need to go out scalping Maybe Goog can still make a getaway from the gap zone, just as it has always done in the recent past (bar1) - but if so it still looks like it will need a retest to prove it. Whilst unable to move and hold up above 1046-1050 it's likely to retest 996-987 again. And if at any point on Monday 987 gives way it can be shorted back to 961. Then if this level in turn fails it can be shortred a second (or third) time to 942 and most likely back to the lower parallels where it becomes a buy again if struck with stops below for those who may have been waiting to buy Alphabet for the longer term. A 20% decline would create a target at 948 and 21% at 937. On the upside Goog has to move above 1050 and then hold up at 1037 on any retest to trigger a long but only if it holds up well at 1037 and then moves up through 1050 with some volume behind it - then it can be followed up to 1080 but run a stop up underneath it quite tight just in case it fails. The next near term long shot from here triggers from 1085 to 1120 and then from 1125 to the top of the gap at 1159. As to the case of the unfilled gap...to fill the missing gap the parallel will have to be broken. Google likes to fill big gaps. It's in its nature. It could happen eventually and if it breaks below 987 come Mondaythat will be the first signal that either the parallel or the gap itself will become the final low. More as this move develops.
NASDAQ:GOOG
by sumastardon
Alphabet:GOOG Long term and short term targetsALPHABET: GOOG THE Alpha Bet Google goes on and on, creating a wide pair of parallels as it pushes relentlessly onwards. Only the Regulators can stop them. If Bitcoin's your favourite girlfriend, Google is your mum, (or should be, with Facebook as dad). Looks like Alphabet should push higher towards 1075 where the upper parallel waits to repel it., or at least halt its advance for a while - and what's good for Google is good for world markets usually. (Nasdaq, next comment, is poised to rocket 280 points provided it opens up and moves higher from the open, as looks likely at moment, barring disasters between now and Monday open). Over the longer term, in a year's time, Alphabet should be trading between 1450 and 1500, slowly grinding ever higher, and likely still within the long term controlling parallels shown on the chart. Stops for long term holders can be raised to just below 950
NASDAQ:GOOGLong
by sumastardon
Alphabet, sideways channel & price on trendline analysisThe stock is consolidating in a sideways channel after a strong bullish movement. Now the price is on the mid-term bullish trendline. If the price continues higher and breaks the resistance level (987.00), the minimum target is around 1065.00. If the price breaks the trendline and the support it may start a strong bearish movement. The breakout must be confirmed by very high volume to avoid fakeouts or pullbacks. The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
NASDAQ:GOOG
by UnknownUnicorn1249598