Google (Alphabet)
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
The Tesla Bubble and why P/E Ratio's MatterTesla is high by any standard value or technical view.
Here I use the PE ratio as compared to TSLA, AMZN, AAPL and GOOGL and a super stock I am going to call "Amagoogle" to demonstrate just how overdone I think Tesla is.
To summarize, I will show:
How relative P/E (Price to Earnings Ratio) compare. Growth stocks typically have very high PE ratio's , mature industries like utilities and consumer staples tend to be on the lower side. For a benchmark, the S&P 500 PE right now is 37.97 with it's all time high spike at 123.73 and it's low at 5.31. The average is 15.88. Telsa's is currently 1,637 ! www.multpl.com
If Tesla had Alphabet's earnings but maintained it's current PE, it would have to trade at $84,708 PER SHARE
If Tesla had Apple's very high PE, it would be trading at $45.50 per share.
If Telsa had a double whammy of Alphabet's great EPS AND Apple's arguably very high PE, Tesla would be at $4,709 per share - but that would mean a growth in earnings of 103.58 TIMES.
Book recommendation to help avoid these scenario's: read.amazon.ca
Happy Trading!
Rob
TWTR 1 hour trendlines with bottom supportI still think we have more room to fall. Regardless of your political views, the press has been all over Twitter (and big tech) the last few days and the response hasn't been that great. We can also see that from the massive amount of selling the last 24 hours, specifically on Twitter.
Continue to play PUTS on this. Entering again tomorrow. Was in puts 01/11 but sold the same day.
$TWTR $FB $SPY $GOOG