Alphabet (Google) Ready to break up above the brim to $124.00Cup and Handle formed on Alphabet Inc.
The price action before that played to the Letter (no pun intended).
And now we are seeing a gradual increase in demand (buying) with the price ready to break above the brim level.
7=21
Price>200 - bullish
Target $124.00
SMC:
Sell Side Liquidity Order block has formed below the handle of the Cup, showing Smart Money coming in sweeping the selling side and buying into it, hence the upside over the last few days.
ABOUT
Alphabet Inc. is an American multinational conglomerate that was created in 2015 as a holding company for Google and several other subsidiaries.
The company's primary subsidiary is Google, the world's most popular search engine.
Alphabet is headquartered in Mountain View, California, USA.
The company's founders are Larry Page and Sergey Brin, who are also the co-founders of Google.
Alphabet has a market capitalization of over $1.5 trillion (as of April 2023).
Google is responsible for developing some of the most widely-used software products in the world, including the Android operating system, Google Maps, and Google Drive.
The company generates most of its revenue through advertising, with over 80% of its revenue coming from Google ads.
Alphabet has over 200,000 employees worldwide and is known for its unique company culture, which emphasizes innovation and collaboration.
The company is committed to sustainability and has set several ambitious goals, including a goal to operate on 100% renewable energy by 2030.
Alphabet is one of the largest technology companies in the world and is a member of the prestigious FAANG group of companies (Facebook, Amazon, Apple, Netflix, and Google).
The company is also a major player in the cloud computing industry, with Google Cloud Platform being one of the leading cloud computing services in the market.
Alphabet is known for its extensive research and development activities, with the company investing heavily in areas such as artificial intelligence, machine learning, and quantum computing.
The company is also active in the self-driving car industry through its subsidiary Waymo.
Alphabetinc
Google -> Finally The BottomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the HKEX:104 level.
You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily HKEX:107 resistance before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Google -> Ready For The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.
On the daily timeframe you can see that Google stock is retesting previous daily resistance at the FWB:108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Google -> The Stock Is BackHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock has been trading in a range for quite some time now, you can also see that the upper resistance of this trading range is exactly at $105.
You can also see that we are currently again retesting this resistance area, from a weekly perspective the market seems definitely ready for a breakout so I think that this time Google stock will actually break above this key resistance area.
On the daily timeframe I am now just waiting for a breakout above this resistance area and if we then get a retest and bullish confirmation, it is quite likely that from there we will then see more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Alphabet fakeout after fear of AI update target $90 W Formation formed on Alphabet which then had a major fakeout
There was a test of the 200MA which Failed to break above and dropped.
Target $90
With Google and Alphabet trying to combat with the new challenge of creating a better CHAT GPT, it seems like the first version has failed.
There were many errors and false answers.
They also called the Ex CEOS and management to try and create similar versions through BING and BARD.
This caused fear with investors and lead to a $100 billion drop in market value.
Overall I think Google will find a way to replace Chat GPT or integrate the technology eventually. These are short term blips before the upside.
Right now we can remain bearish as the charts don't lie, but the price will need to drop below $90 in order to have a new analysis for downside.
I'll keep you updated as always.
Google Analysis 22.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
GOOG Alphabet Inc. Technical ReboundIf you haven`t sold GOOG at the top, when Ark Invest did:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of GOOG is at 22.42.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
GOOGLE A very bullish 2023 and this chart shows why.Alphabet Inc. (GOOG) broke two weeks ago below its 1W MA200 (orange trend-line) for the first time since the March 2020 COVID crash. The next Support level is the 1W MA300 (red trend-line). Since its IPO, the stock has had very symmetric Cycles which with the help of the Sine Waves can show tops and bottoms for consistent sells and buys.
On this pattern, the price level is not as important as the timing. As you see even the latest (All Time) High was fairly accurately predicted by the Sine Waves. The next bottom is projected to be by the first week of January the latest. As a result, on a multi-year scale investment strategy, the time to buy Google comes closer and closer.
Based on the Fibonacci extension levels involved, every Cycle High is at least +0.5 Fib higher than the previous one (basically only one has been +0.5, the rest have been at least +1.0 Fib). As a result, the High of the next Cycle should be at least on the 4.5 Fibonacci extension, around $198.00!
Can 2023 be such a bullish year for the tech giant amidst the Bear Market of rising inflation?
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Google supported by weekly bullish div.Alphabet - 30d expiry - We look to Buy a break of 103.66 (stop at 99.49)
Price action looks to be forming a bottom.
Bullish divergence can be seen on the weekly chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
The RSI is trending higher.
103.47 has been pivotal.
A break of the recent high at 103.47 should result in a further move higher.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 114.49 and 118.49
Resistance: 103 / 106 / 112
Support: 100 / 98 / 96
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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Alphabet Inc - Short PositionWith an underlying share value equal to $117, Alphabet Inc has seen bullish movements since our last position published on 28/07/22. When reassessing Alphabet Inc using a 4hr range, investors can see that it’s now trading above its central Fibonacci PP level. In fact, the stock is trading above its PP 0.382 1st level resistance. The underlying price of Alphabet is in line with it's PP 0.5 resistance level. This is a bearish signal, investors should anticipate bullish trends to begin to correct and for stock prices to bear towards their support. Whilst it would be reasonable to anticipate the bullish resistance trend to continue to strengthen, this signal tells us to begin to anticipate a bare and profit off a short. This notion is further supported by the 20-day ranged Bollinger Band. The underlying stock price is currently trading close to the Bollinger’s upper bound which suggests a correction toward it’s lower bound, close to the Fibonacci’s central PP level. It would be justified to set a buy price in line with the Fibonacci’s P 0.5 resistance pivot. We anticipate the underlying stock price of Alphabet to reach this resistance point before bareish corrections occur.
Therefore, we have set a buy price in line with the PP 0.5 resistance pivot, our investors will look to buy at a price of $118. Based buy and sell trends since the start of the year, we anticipate a strengthening bareish trend. We anticipate bareish trends to strengthen over bullish trends and for the underlying stock price to reach it’s Fibonacci support level. We have set a target price in line with the Fibonacci’s PP 0.5 support level. The buyer should sell at around $105.
Alphabet | Fundamental Analysis + NEXT TARGET | MUST READ | The countdown has begun. There are less than ten days to go before Alphabet's 20-to-1 stock split on July 15.
Many are undoubtedly contemplating buying up the tech giant's stock before the date. The idea behind such a decision is that Alphabet stock could jump if a lower price attracts an influx of small investors.
That could be a winning strategy. But here are a few reasons not to buy Alphabet stock before the split.
The need for cash in the near term
Never invest cash in a stock that you may need in the near term. The definition of "near term" may vary from person to person. However, a good rule of thumb is not to invest cash that you might need in the next five years.
The past few months have clearly demonstrated why such a cautious stance makes sense. The S&P 500 has experienced its worst first half of the year since 1970. Alphabet is performing worse than the S&P, with its stock down about 25 percent over the year.
There is no guarantee that Alphabet's impending split will serve as a positive catalyst. Amazon also had a 20-to-1 split last month. The company's stock didn't soar but instead fell. Alphabet may well suffer a similar fate.
Lack of diversification
Another straightforward reason why you shouldn't buy Alphabet stock before it splits is that your investments are not sufficiently diversified. The most obvious example of a lack of diversification, in this case, would be the fact that Alphabet already makes up the majority of your overall portfolio.
But you may also have most of your investments in other growth stocks that are highly correlated with the movement of Alphabet stock. In that case, buying Alphabet won't help improve the diversification of your portfolio.
The point of diversification is that it reduces overall risk. The old adage about not putting all your eggs in one basket is more relevant than ever.
Recession Concerns
If you fear a recession is just around the corner, you probably shouldn't buy Alphabet stock before the company does a split. The company's stock has not performed well during previous recessions.
For example, during the Great Recession of 2008 and 2009, Google stock fell more than 60 percent. During the short pandemic recession of 2020, the stock fell 23% below its previous high.
Concerns about the recession are understandable. Nearly 70% of economists surveyed by the Financial Times predict that the U.S. economy will enter a recession next year. Some investors, such as ARK Invest CEO Kathy Wood, believe we are already in a recession.
You may have noticed that none of the above reasons have anything to do with Alphabet itself. The need for cash in the near term, lack of diversification, and fears of an impending recession are legitimate reasons for not buying any stock.
Beyond that, we have not discussed the advantages of buying Alphabet before the split versus buying it after the split. No one knows what will happen next, as there are too many variables.
However, we can think of several good reasons for buying Alphabet that have nothing to do with the split. In particular, the company has an exceptionally strong business market. The likelihood that any competitor could knock Alphabet from its position seems very low.
Alphabet also has many growth drivers. Its core Google advertising business remains strong. Its Google Cloud division continues to show strong growth. And its famous "other bets" (especially Waymo's self-driving car technology business) could also contribute significantly over time.
Reasons to stay away from Alphabet focus on the short term. But for investors focused on the long term, any time could be a good time to buy the stock.
GOOGL Earnings Miss | YouTube revenue disappointsYouTube has more than 2bn monthly users.
YouTube revenues rose 14% to $6.9bn, below the $7.5bn expected by analysts.
YouTube revenue disappoints on growing TikTok competition concerns and Ukraine war which impacted YouTube ads.
GOOGL 23% increase in revenue in Q1 to $68bn, but below forecasts for $68.1bn.
In 2021, revenues increased 34%.
Considering the above, future growth is not so sure.
I expect a retracement to the $2100 level.
📈Google: Nothing Special at the momentHi Everyone!
Hope all is well on this lovely Thursday morning. Here is a brief outlook on google stocks at the moment.
As you can see we are currently in a descending triangle
So there is nothing interesting happening at the moment that has caught our attention, however there are two zones we are looking at for possible trade setups.
We are either looking for a move up to the $2700 - $2800 zone or a move down to the $2500 - $2400 zone. Until then there is not much for us to but to wait patently for price to get to these zones. For those looking to buy and sell the chart pattern look for rejections or support on the trendlines.
Happy Trading,
Wolf Pack team.
GOOG (Google), Potential for bullish Bounce | 8th March 2022Prices are on bullish momentum. We see the potential for a bounce from our buy entry at 2499.25 in line with horizontal swing low support level towards our Take Profit at 2226.73 in line with 61.80% Fibonacci Retracement. Technical indicators are supporting our bullish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GOOG Alphabet Inc. 20-to-1 Stock SplitRuth Porat, Alphabet CFO: “The reason for the split is it makes our shares more accessible”
Alphabet Inc . 20-to-1 Stock Split on July 15 could lead to Alphabet’s listing on the Dow Jones Industrial Average , the indexs that holds 30 blue-chip companies.
And you all know how appealing were Apple , Tesla and Nvidia for retail investors after the stock splits!
My short term price target is the all time high, $3037.
Looking forward to read your opinion about it!