Google 5% jump holds Nasdaq and S&P500 positiveAs you see Microsoft numbers were better than expected but not enough to push the price higher, and the stock price drops to 20 days ago!
Gooogle outstanding report push it to the upper border of the channel but seems not enough to break above it!
Trim your positions could be the best Idea!
Google (Alphabet)
What Is a Bubble?A comparison between Apple, Microsoft, Amazon, Google, Facebook, and Tesla in the past decade.
Top chart: last 10 years
Bottom chart: last trading year
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Typically, a bubble is created by a surge in asset prices that is driven by exuberant market behavior. During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).
The cause of bubbles is disputed by economists; some economists even disagree that bubbles occur at all (on the basis that asset prices frequently deviate from their intrinsic value). However, bubbles are usually only identified and studied in retrospect, after a massive drop in prices occurs.
At the end of a bubble, resources are moved again, causing prices to deflate.
(Investopedia)
How could fundamental analysis explain this phenomenon?
Tesla's stock price has approximately outperformed more than 5x of Amazon, 11x of Apple, 15x of Microsoft, 16x of Facebook, and 30x of Google in the past 10 years.
It becomes more interesting if we look at the total annual revenue and net income of these companies..!
While Tesla had 31.53 Billion revenue and 690 million net income in 2020, in the very same timeframe, Apple had 274.15 Billion in revenue (9x of Tesla) and 57.41 billion net income (83x of Tesla), Microsoft had 143.01 B in revenue and 44.28 B net income (4.5x, 64x of Tesla), Amazon had 386.06 B in revenue and 21.33 B net income (+12x, 31x of Tesla ), Google had 182.35 B in revenue and 40.27 B net income( 5.8x and 58.36 Of Tesla) and Facebook had 86 B in revenue and 29.15 B net income( 2.7x and 42x of Tesla).
Based on the information provided, you can judge if Tesla is experiencing a bubble or not??? to answer this question, you should divide Tesla's stock price behavior from 2011 to May 2019, and what happened after that.
Moshkelgosha
GOOG ... We still early on this Triangle!I believe GOOG is a highly interesting setup to the upside at the moment... The pullback seen in FAANGS since the NASDAQ100 made its ATH in Mid-February has barely tickled this stock... This means the bulls are pushing it and momentum to the upside is perhaps much stronger than that of its peers... Moving on to business... Elliot Wave Analysis is my specialty... I go as deep and detailed as one can go in my wave analysis... Wedges / Triangles (you name it) are my signature setups... GOOG is carving out a very convincing Triangle that is just starting to break to the upside.
STOPS should be placed @2043… If the market breaks this level, my analysis becomes invalid… I will not go into detail as to why at the moment… I’d rather go deep in regards to the target price.
In regards to the TARGET, several things need to be pointed out… The NASDAQ100 and therefore, the FAANGS, are a bit risky to be traded to the upside at the moment… The market has been completely spooked by rising yields, which have specifically damaged the FAANGS in the investor’s community… Furthermore; there are certain times where bullish Triangles generate a very impulsive move to the upside, only to be followed by a sharp decline… One needs to remain humble on this trade… Other details could be mentioned, but it should be enough for now, so I’ll go ahead and specify the TARGET recommendation:
2320 should be the first target in upcoming days/weeks… 2400 could be reached and lastly I can see the market reaching as far as 2500… This are all Fib projections… For me personally, even 2320 is way too greedy, given the trading environment we are in… After breaking the 2153 level towards ATH, anything is possible… Perhaps booking profits early in the game, around 2200 and then trailing the stop could be the best way to go… Hope it helps and you have a solid trading.
I was BANNED on social media...The stock NASDAQ:GOOG is relevant to this video because they terminated my channel with very little reason. No warnings, strikes, or any further explanation. My heart is in my stomach and I just wanted to share my thoughts today.
I won't stop making content to help people become better traders. This is just a setback in my goal to reach people with actually useful trading ideas.
Thank you to all of my viewers on Tradingview for your good vibes sent my way. It keeps me motivated to know that folks appreciate what I am trying to do!
GOOG: H&S ShortHead and Shoulder with indicators at 4 hour and 5 minute timeframes.
4 Hour Time:
> 3 bullish impulses with continuous corrections.
> No 4th bullish impulse.
> 1 bearish impulse, with bearish continuous correction.
5 Minute Time:
> 3 bearish impulses with ascending channel corrections.
> Mini head and should forming from May 5th to May 9th.
White Lines: 4 hour timeframe
Blue Lines: 5 minute timeframe
Yellow curves: Head and shoulder indicators
A review on what happened to the Market Cap Titans in this week!WATCHING THEM ALL TOGETHER MAY HELP YOU DECIDE BETTER!
No need to say they have one thing in common, LOWER-highs & LOWER-LOWS and MOST OF THEM SLIPPED BELOW 50EMA!!!
This is the most simple Definition and Sign of the Bearish market!
any bounce back could be an EXIT opportunity.
The bigger the loss becomes, the harder it becomes to accept..!
Moshkelgosha
A Closer Look at the 6 Giant Tech..! CORRECTION phase!I believe when you compare the charts together it will help you to have a better idea of market sentiment.
In this analysis, I put the 6 Giant tech companies which have the highest market cap together, so my followers could have a better and more clear understanding of the new sentiment in the stock market.
It is crystal clear after March 2020 we had experienced an incredible market, but since Feb 2021 it seems the market entered a CORRECTION phase and it is obvious in the charts.
1- Apple: closed below: 50 EMA, closing price of 2020, and more than 10% away from its top. LOWER HIGH-LOWER LOW pattern
2- Microsoft & Alphabet: in Trendlesss Zone in the last 2 trading weeks
3- Amazon: closed below 2020 closing price, lower high pattern, and bearish ladder candle.
4- Tesla: after breaking a trendless zone from the downside experiencing lower trading volume every day. Jan 8, 2021 trading volume 75 million decreased to 18 million in the last trading day.
5- Facebook: closed below 2020 closing price, and below its 50 EMA.
* Interestingly, financial metrics in most of them improved in their last report.
** This doesn't mean we will not experience 1-3 day positive moves, be careful with options trading!
*** This analysis could be a roadmap for short-time traders, and the story could be different for long-term investors.
Please leave your comments below if you think you have evidence contradicting this article.
Moshkelgosha