Google (Alphabet)
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.
Jack Henry & Associates adopts buyer of Google $GOOGLBuy side, buyers imbalances into end of day.
Long.
Friday likely big day.
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
GOOG - ContinuationDaily chart for GOOG showing a touch above the major trend line
This touch will likely result in a bullish rejection and continuation will occur
This is indicated by the double curve arrow
Bullish
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 SELL overbought on several indicatorsGOOG looking toppy on 1, 3, 4 hour charts as well as daily on various indicators. Looking for correction under $2280- 2300 range in coming days. Purchased July 22nd $$2375 puts will add $2425 if makes it there
$GOOG GOOGLE BIG Rising Wedge Bear Flag on the Daily Timeframe$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.
Falling Wedge + Bullish RSI convergence on FAANGAlthough I biased bearish for the past year, the markets are clearly oversold and, furthermore, appear to be showing consolidative pattersn.
FAANG index is also showing bullish consolidation.
We have a falling wedge and a strong bullish RSI convergence.
I believe the recent downturn was also an ABC move.
So, in short, although we are down a lot, we have a very bullish outline despite the bearish macro-narrative.
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Bounce hits resistanceNice bounce. Mid-bolli, 300 and 50dma big resistance. Above those can run to 200dma, which ultimately determines if 🐻 over
$NQ_F $NDX $SOX $ES_F $SPY $SPX $TLT $TNX $GLD $DXY $VIX #Trading #Stocks 📉
GOOG Alphabet Stock SplitGOOG 20-for-1 stock split is scheduled to occur on July 15.
Companies that that did stock splits statistically had outperform the market in the 12 months following the split.
I think we will se GOOG trading at $2350 ahead of the split.
Looking forward to read your opinion about it.
GOOGL WARNING: If 2025 is lost, 1786 will be very fastGoogle is still in a big red channel downtrend sine the ATH at 3042 failing to hold even the median line last week. The lower red channel at 2025 will be tested.
If Google loses the 0.50 Fibo retracement, there will be a totally blank space (green box) until the next Fibo 0.618 at
1786. The decline will be very very quick. This capitulation most likely to happen after some impt catalyst
event. Then a reversal will follow after 1786 holds.
BULLISH CASE: if the black VWAP from pandemic low holds (also near 2025), Google will most probably just bounce off the lower red channel making a divergence with a slightly lower low before rally.
Not trading advice
ALPHABET INC (GOOGLE) GOOGFive-wave impulse, likely to be wave 1
current wave abc correction
Level 2317 is a strong price congestion axis
The price may test it or break it a little to 2300 or below to end the current correction
before going back up
GOOGL dailyGreen zones are potential good area to average in shares.
+ Back over 20day SMA
+ Need to hold blue zone, confluence with 20day
+ Historically good moving average: 150 weeklySMA
- Still not above neutral
- Declining moving averages (resistance on a uptrend)
- 2 gaps remaining
- This yellow box can look like a distribution phase after a long run up, we would now need to wait a new accumulation phase to get back in
Stocks Surge Ahead of NFPGreat groundwork in stock indices all week, terrific technical patterns developed to usher strength, and leadership from Tech. Let's take a look at the landscape ahead of Nonfarm Payroll.
