Google | Looking For The Next TargetAlphabet Inc (Google) peaked in November 2021... With one last hurray in January 2022 that wicked higher.
The All Time High came in January this year but only by a wick as the weekly candle closed much lower.
We have a year long downtrend already.
Time does fly by when one is not paying attention.
We opened this chart out of curiosity.
Since the Nasdaq100 (NDX) index is set to crash, all these companies are likely to follow and the charts are matching this statement.
The good thing is that a bottom is getting closer and closer, maybe just another 6/7 months for these stocks but still too early for us to say.
The main support we are looking at is sitting at 72.38.
89.42 is the immediate support.
We see rejection after rejection each time Google closes above EMA10 and tries to move up.
No relief rally here, not even when the SPX and DJI had a relief for several months.
Will there be a relief now for Google?
Not likely, don't think so.
These stocks/companies have been growing for decades, the market moves in cycles.
We are bound to see additional bleeding before a return to sustained growth.
Around 68 is our mid-term target.
For the bottom... We will have another look at this chart in 3 months.
Namaste.
Google (Alphabet)
#GOOG AB=CD harmonics Projection on D time frameBased on AB=CD projection harmonics the bear trend will continue
GOOG can be shorted based on the projection following should be ideal entry point/SL/TP
Entry @82
SL @ 100
TP 1 @72 based on FIB retracement support line
TP2 @65 based on completion of AB=CD projection
GOOG: Trading around a KEY SUPPORT level!• GOOG is trading around its support level at $94.41 (yellow line);
• By losing this support level, GOOG would seek the gap around $89;
• In addition, we see a lower high, followed by decreasing volume, indicating weakness;
• GOOG would need to do a very good reaction above its support level in order to avoid a further drop – so far, there’s no bullish evidence;
• Only if GOOG does a new high and breaks the red line, it might resume the bullish movement up to the $105;
• For now, we must pay attention on how it’ll react around the yellow line, as this might dictate the next movements on GOOG. I’ll keep you posted on this.
Remember to follow me to keep in touch with my analyses!
GOOG: Inverted Cup with Handle Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit.
The daily EMA ribbon flipped bearish in April and since then a precipitous 38% downslide has ensued, the most recent retest of the daily EMA on Oct 24th yielded another crushing rejection. Price should be ready to run again to the downside as it recently slipped through a support/resistance line unrelated to the pattern around $89.40 and has since completed a pullback and been rejected.
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 BUY Negative quarterly for Google
I bought GOOG shares on Friday, we are almost - 50% from the highs of February.
Negative quarterly, why?
Various reasons, analyzing the company economic balance sheet, we can see a considerable increase in the number of employees going from 150,000 to approximately 186,000.
This is a symptom of a recovery expected in 2023, with projects in the pipeline, especially on augmented reality and the integration of the navigation system of autopilot cars.
The numbers of the core business, the marketing on the various proprietary channels (search engine, youtube) are almost unchanged, a symptom that, despite the period of severe crisis, Google remains the first point of reference on the web where companies invest to advertise. its products. Other than the discourse on meta for example, which had rather worrying numbers.
On the hardware side, it should be noted that the pixel 7 has been released in its two versions, which has not yet brought the numbers, so we have to wait for the next quarter to see the trend of what seems to be really a gem, as opposed to the disappointment that was the pixel 6.
To report the complete flop of the Stadia gaming platform, which could certainly be supported in a better way, but which, as it was for Google plus, was left there, to implode on itself.
Here sometimes one wonders how a company like google can do such interesting projects and then not support them properly.
In any case, the company is a money machine, the market has discounted a lot and I thought it was time to enter, aware of the fact that, should it go down to the $ 70 area, I will enter again, being a very important volumetric support.
Target the highs, as a partial exit, to take home the profits, so this is a trade that could last months if not years.
Happy trading
Lazy Bull
Earnings Yields aren't reflecting risk vs treasury yields Stocks at current prices are not compensation investors for potential risk, especially now that growth may be reduced and yields are more competitive. There is not enough risk premium for the large cap leaders. You deserver better!
AAPL MSFT GOOG META TSLA AMZN QQQ SPY DIA
Market up on GM, UBS, KO earnings Coca-Cola shares rose 2.9% in the premarket after the beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.
General Motors
(GM) – GM shares rallied 4.4% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots.
General Electric
(GE) – GE jumped 4.2% in premarket action even though its earnings fell short of forecasts. The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow.
UPS
(UPS) – The delivery service’s shares rallied 4.4% in the premarket following a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices.
UBS
(UBS) – UBS jumped 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business.
SAP
(SAP) – SAP rose 3% in premarket action after the German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook.
Logitech
(LOGI) – Logitech jumped 7% in the premarket after the maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic.
Qualtrics
(XM) – Qualtrics surged 9.6% in the premarket after the maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.
🟢 What do you think about GOOGLE?🏈Hello everyone,🙋🏾
🗣Here again Rom with a symbol GOOG
Google collects data about how we use its apps, devices, and services.👀
This ranges from your browsing habits, YouTube and Gmail activity, Google searches, online purchases, location history, etc. Anything connected to Google is mainly used to collect data on your online activity and preferences.
And What do I think about that? 🗣
I'm fine with that 💁🏿♂️
I use "Google" services every day.
for the last 10 YEARS maybe more and the truth is that it is very convenient for me and helps me on a daily basis.
Google has 75% of the internet search market and 85% of the mobile search market.
Additionally, search on the internet continues to grow as it becomes a more integral part of people's daily lives globally.
The company's massive profit driver is the main ingredient in making Google a safe investment.
There are two ticker symbols for Google on the NASDAQ
Google’s A shares GOOGL-------shareholders get votes.✋🏼 🤚🏼🙋🏽
Google's C shares GOOG-------- shareholders get no votes.🙅🏽 🙅🏽♂️
Trade idea 📣
Swing trade with 3 points of profit collection.
#1 - Target Price = $109.37
#2 - Target Price = $115.05
#3 - Target Price = $120.23
#4 - TO THE MOON 🌚
⚠️🚧Warning - "Google" is before reporting predictions and can be very volatile🚧⚠️
For More, follow me, express your opinion, and share with me.💃🏿
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There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!⛔️
have fun💃🏿
$FB Zuckerberg Gut PunchFaceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
Google 103!Google 103!
Don't google 103! What I mean is, I like Google NASDAQ:GOOG above 103.
Why is 103 significant to GOOG? Level 103 is significant because it’s above today's close, today's HOD and the 20 MA (SMA + EMA). We also have x3 touches at 102.72! Therefore, I expect a break above 103 (with volume) to break the upper trend line of the falling wedge pattern (see screenshot posted below). Last but least, we closed above VWAP on the daily time frame. If we break and hold above 103 (with volume), then GOOG has strong potential to see more upside.
Good night or morning,
MrALtrades00
Google sinking. GOOGOne zigzag complete, X Wave complete. We are willing to be that a second zigzag in this generally corrective setup has started. Current price level very close to confirmation.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Expecting a bounce back on Alphabet. GOOGFlat completed, now we are due for a bounce back, be it a dead cat bounce. Fib progression shows that there is still plenty of room (and time) for the market to show what it can do for the upside. Volatility flipped not too long ago on the 6 hourly also. Momentum uptrending for background.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.