Likely Bullish next wave - Google (GOOG OR GOOGL) Likely!IMO GOOG started dropping and formed a bearish flag. Flag was broken downwards, but instead it started moving upwards. If bear flag pattern have truly applied, then it should have started dropping at this point towards 84 to 83 level. But it didn't. So IMO flag was already broken and it transition to Megaphone pattern. And this would make sense with strong down drop. Hence I am thinking there would be strong bullish move upwards. And later after small drop on wave 5, stock will break Megaphone and move upwards. Any thoughts? Or time will tell.
Google (Alphabet)
Google buy zone approachingBuy zone for google in my opinion is approaching. There's a gap fill to fill right around 100-98$. I have a buy set for 99$. that would be -35% from the top. if it goes lower I'm fine with that ill keep DCA as it'll be a long term hold. google have spoken much going on and finger in so many different pies that its impossible for them not to see future growth in my opinion. great company and great long term hold.
GOOGNASDAQ:GOOG NASDAQ:GOOG
My analysis is that if there are a core of companies capable of weathering out a recession that Google is among
them with its search engine and cloud services at the core of its services.
On the weekly chart, Google like others had an uptrend after the COVID crash of March 2020 until last winter.
Right now, a downtrend is retracing the uptrend of April 2020 through November 2021.
I see the downward trend now ending as the retracement is about 50% into the mid-Fibonacci levels.
In the context of the MACD indicator showing low momentum and the K / D lines below the
histogram, I see a reversal setup to the long upside.
My analysis supports GOOG in a swing long setup now ready for entry.
AbbVie Inc, ABBV NYSE 4HNYSE:ABBV
rsi in the oversold territory, which is starting to reverse to the bull side,
flipped bullish on a micro timescale, falling wedge, breaking out to the upside,
first target 140.75, then possible retest before 146.26.
we've been in this long term downtrend channel since April 2022, I expect to break out of it, once
we test 150.36 flip it as support then go for for 175.89 previous April top. fundamentals and news tend
to effect this stock a lot, so with positive momentum and good news. bullish times could be ahead.
Bear scenario is we test 125 before a full reset.
For the current quarter, AbbVie is expected to post earnings of $3.59 per share, indicating a change of +7.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.2% over the last 30 days.
The consensus earnings estimate of $13.90 for the current fiscal year indicates a year-over-year change of +9.5%. This estimate has changed +0.2% over the last 30 days.
all this is just my opinion , none of what I say should be taken as financial advice. DYOR
Regards Percy
$GOOG and GOOGLE serving us a big cup of tea, can you handle itBig cup & handle wyckoff accumulation schematic developing on GOOGLE!
This level is make it or break it.
$GOOG hasn't had the the most exciting price action lately but we could be in for a big surprise to the upside if it can hold this current level. Gaps to the upside.
IF NOT.. support levels are marked to the downside.
It's decision time.
GOOGLE - 4 REJECTIONS OFF 120 -SHORT TO 105 BY SEPT 4 rejections off 120
Not Participating in Tech Rally = Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 117 / 105 - 40% PROBABILITY =
1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
TIGHT JOB MARKET = HIGHER WAGES AND COSTS
GOOGLE LAYOFFS
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
BIG TECH RECOVERYThe Daily chart shows the composite price action for one share each of
GOOG
META
MSFT
AAPL
It shows a low of the year in mid-June about the same time as the SPY bottomed.
The Awesome Oscillator confirms the uptrend.
The uptrend seems to be bounded by an ascending parallel channel.
There has been a combined 10% price rise in the six weeks since with steady price
action including some retracement.
The high volume area of the profile could be resistance at its upper boundary
and so this composite of tickers could soon be at resistance.
GOOGL SHORT OFF 120 RESITANCE -Target 107 - SEP 34 rejections off 120 – 50% fib RETRACEMENT
Not Participating in Tech Rally =Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 119 / 107 - 40% PROBABILITY = 1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
UNEMPLOYMENT RISING
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
7/27/22 GOOGAlphabet Inc (Google) Class C ( NASDAQ:GOOG )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $1.493T
Current Price: $113.60
Breakout Price: $114.80
Buy Zone (Top/Bottom Range): $112.80-$105.40
Price Target: $120.20-$121.80 (1st), $126.40-$129.10 (2nd)
Estimated Duration to Target: 36-38d, 65-68d
Contract of Interest: $QQQ 9/16/22 115c, $QQQ 10/21/22 115c
Trade price as of publish date: $4.60/contract, $6.50/contract
This one trade will make me a LEGEND...We have a once in a lifetime trading opportunity that will be occurring at the end of the trading day.
It is very rare that we know an asset will drop and the date that it will be dropping.
GOOG is experiencing a 1-20 stock split which means for every share that someone holds of GOOG, they will receive 20.
I am taking advantage of this drop on my Forex broker by selling GOOG.
The price of GOOG will be reduced by 95% at the end of the market close today.
If you have a broker that will allow you to SELL GOOG, go ahead and make that happen before 4:00 PM EST when the market closes.
Thank me on Monday.
Remember my name, Jeffery Boston Weatherford.
I will be legendary in this field.
You heard it hear first.
Many blessings trader.
Enjoy Jeffery's Comet 🌠
GOOGLE - LONGGoogle appears to have bottomed at a recent support zone that has held numerous time. I know most would identify this pattern as a "bear flag". However, I think keeping an open mind is crucial. Just follow the price.
Currently: good chance Google can bounce up to the top of the zone. From thereon, IF the overall market has steam - this stock can squeeze higher.
SHORT TERM: Bullish
$GOOG GOOGLE BIG Rising Wedge Bear Flag on the Daily Timeframe$GOOG GOOGLE
This rising wedge could be confused as a bear flag, however, both patterns are similar, bearish and generally followed by downside.
My guess is we fill the gap below the next support before seeing any major reversal on this stock.
Are there any hungry bears out there? GOOGLE this pattern and get ready!
On a fundamentals it is a buy buy buy long term according to all analyst because it doesn't have a sell rating. This wouldn't make most comfortable to enter short.
HOWEVER, google missed earnings Q1 2022 and it has been down trending since.
Google makes their money from search and unless they post good earnings or make an announcement I don't see why the gap below wouldn't fill based on TA.