Google (Alphabet)
🤔 Opportunity On Google? (GOOG)💰 LET'S GET INTO SOME GOOGLE ANALYSIS!💰
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(Overall Market Sentiment) 🐻 Bearish
- My main worry is that the longterm upward support has been broken and had a retest but looks like it could be rejecting off of it for a new Resistance and a lower low / lower high.
- I have a red engulfing crossover on the 12 hour with compression on the daily. The Crossover strategy is showing a Crossover all indicators to the downside.
- All 3 ema dots ont he bottom are red and have been red consecutively.
- I will be taking a short with a 1.5% stoploss.
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🥇MLT | MAJOR LEAGUE TRADER
ALPHABET ($GOOGL) 🏁 | The Google Article Of Your DreamsToday we are looking to see if Alphabet can follow other tech companies like Apple to make new highs. Big tech companies (Apple, Microsoft, Facebook, Alphabet, especially) making new highs is bullish for the market a few reasons, as we covered in a previous post (see our related S&P post in the links below).
The good news is some rotation out of other sectors and into tech today might be just what is needed to push the NASDAQ, big tech, and Alphabet to new heights.
Let's take a look at big search to see if GOOGL has what it takes to break resistance.
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Support:
The S1 bullish S/R orderblock cluster is our first point of support for the GOOGL bulls. Although we would likely get there by way of a series of lower lows, there is no reason we can't find support here and move up as people weight their portfolio to tech due to "second wave" COVID fears.
If S1 can't hold, the S2 orderblock formed by a previous gap is a good candidate for support. This isn't the ideal correction for the bulls, but it retains an overall bullish price structure.
The S3 S/R flip is hard to hit without the bullish market structure being lost, however, it is a notable support level if the markets go into a more serious correction. While support exists below S3, it is irrelevant to our current question of a path to new all-time highs over any reasonable timeframe.
Resistance:
R1 is the first point of resistance for the bulls. Breaching R1 and finding support on it or above it is paramount. The ideal for bulls is to maintain the current momentum and avoid a pattern of lower highs and lower lows.
Above R1 we have the R2 orderblock from the gap down at the start of the COVID drop. R2 is a logical point of resistance on the path to all-time-highs, as it gives a chance for consolidation without sacrificing momentum.
Lastly, the R3 S/R Flip and R4 all-time highs are the final points of resistance. Either/both of these levels could provide one final challenge for bulls before it's off to the races.
Summary:
Alphabet has a clear path to all-time highs, and if the bulls can pull it off it will be very bullish for the markets. If Apple can do it, we think Alphabet can do it. Then of course so can Microsoft, Facebook, etc. This should set off a chain reaction to take the indexes (which are all tech-heavy) to new highs.
Resources:
finance.yahoo.com + www.cbsnews.com
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Bullish GOOGFrom a technical point of view, Google strongly maintains its bullish bias. Like the other big companies in the S&P, the price debacle that occurred due to the virus event, long since it came to an end, and with volatility falling, many buyers were encouraged to buy, which together with the objective effect of the reopening of stores and back to the economic activity of the companies, it continued to follow the evolution of the typical price in securities such as Google, that is, bullish.
GOOG looking to go down for some time . The market is showing many signs right now that before considering another bullish move , NASDAQ:GOOG is very likely to go down atleast to the 1276-1296 area .If it fails to bounce up from there, it might go down further to around the 1230 area before we could expect it to continue going up .(This is as long as we don't break considerably above the red line which would rather be considered a buy signal.)
"Alphabet: going towards our second target" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline and started its up move.
- It broke the Bullish Corrective Structure and went towards our Fibo Zones.
- Price has potential to go up towards the Second Fibo before the ATH Zone.
Daily Vision:
Weekly Vision:
Updates coming soon!
TQQQ Target:[$100.00] Target Date:[07/01/2020] ROI:[38%]NASDAQ-100 INDEX
The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Last week, the Invesco QQQ Trust (QQQ) crossed the $100 billion in assets mark, joining three S&P 500-based ETFs and a total stock market offering from Vanguard.
CFRA rates QQQ as a five-star diversified U.S. equity fund, believing it has a high probability of outperforming in the next nine months due to its low costs and high reward potential, despite slightly elevated risks.
Exposure to the biotech sector which is poised to profit from therapeutics to treat the coronavirus and future pandemics.
Analyst Ratings
Firm Name____________Rating
FactSet ________________A
Ned Davis Research _____BUY
XTF Inc. ___________10 out of 10
Morningstar, Inc.* ___ 5 out of 5
Zacks Research ______Strong Buy
Top Holdings
MSFT
Microsoft Corp
11.92%
AAPL
Apple Inc
11.19%
INTC
Intel Corp
2.97%
CSCO
Cisco Systems Inc
2.11%
NVDA
Nvidia Corp
2.04%
ADBE
Adobe Inc
1.95%
PYPL
Paypal Holdings Inc
1.42%
AVGO
Broadcom Inc
1.19%
TXN
Texas Instruments Inc
1.18%
QCOM
Qualcomm Inc
0.98%
ALPHABET ($GOOGL): Does ALPHABET Go All the Way?✨ New charts every day ✨
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Despite taking a hit on the ad side of the business, Google (GOOG / GOOGL) has had a textbook "V" shaped recovery (Or in this case, an upside down "A" recovery we could say). Can the bulls make the final push back to all time highs? One could argue the new stimulus package will have a positive effect on the markets and give this tech giant room to finish running. So let's map out a potential pathway for the bulls.
Resource: www.cnn.com + www.marketwatch.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe giving us a clear trend to look for a long setup within.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. As you can see we had a great long setup entry at S1, sadly this was missed so we can only plan for what may happen now and not worry about the past.
4. The target for this move is up though the "COVID gap" and all the way to the range created by previous highs at R4. This is good news for anyone already long.
5. If we don't see bullish continuation off this move, then there is another potential long at S2 assuming Fractal Trend gives the green light.
6. If Fractal Trend signals a downtrend (Maroon bar color), then any long positions should exit as this is seen as indecision/weakness, otherwise the bet is on GOOGL continuing its recovery.
$GOOG - GoogleGoogle 1 hr chart working on rising wedge within a nice channel being built since March lows. I would think these tech names would need to take a quick breather here soon. This would be a nice formation to fall out of and go back to test bottom channel line which would coincidentally be close to green support line. I have this as a quick short an flip to bull again at bottom channel test.
GL