QQQ Bullish Reaction to MSFT & GOOGL Earnings | Daily Downtrend|- both AMEX:SPY and QQQ confirmed Daily downtrend.
- NASDAQ:QQQ finally broke out of its 3 weeks range bearish but the AH bounce
- NASDAQ:MSFT good earnings bringing all tech stocks up
- NASDAQ:GOOGL decent pop but faded most of its gains
- NASDAQ:AMZN moving due to MSFT decent cloud report
GOOGL
Everything you NEED to KNOW | $QQQ & Big Tech | KEY RESISTANCE |- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA
- double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow
- most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down.
- i am more bearish here due to this kind of indecision whip saw sometimes marks a temporary top.
- Detailed Trade analysis of my NASDAQ:SOXX short (in AMEX:SOXS )
$SNOW Setting up It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.**
In the case of NYSE:SNOW ,
**puts below the 135 zone
and
calls above the 148 zone.**
However, it is imperative to exercise restraint and not rush into any day trades or swings without proper candlestick confirmation. (1-3)
It is crucial to note that impulsive trading decisions can lead to costly mistakes and result in unnecessary losses. As a trader, you must have a clear understanding of the market trends, indicators, and risk management techniques. Patience and discipline are the keys to success in the trading game, and it is essential to develop and maintain these qualities.
Additionally, having a solid trading plan in place and sticking to it can help you stay focused and avoid making impulsive decisions. This includes having well-defined entry and exit points, stop loss orders, and profit targets based on your analysis and risk tolerance.
Remember, trading is not a get-rich-quick scheme, but a long-term game of skill and strategy. With the right approach, mindset, and tools, you can become a successful trader and achieve your financial goals. Stay patient, stay disciplined, and stay focused on your trading plan, and success will surely follow.
Google -> Ready For The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.
On the daily timeframe you can see that Google stock is retesting previous daily resistance at the FWB:108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Should Investors Consider Buying Alphabet Stock ?Alphabet's stock has risen by 25 percent from its 52-week low, but the emergence of artificial intelligence ChatGPT poses a real challenge to the company's search engine. However, investors may not fully comprehend the nature of the company or overlook the reasons to invest in Alphabet's stock. Therefore, they should take a macroeconomic perspective when evaluating the company.
Despite concerns about its position in search, Alphabet has evolved beyond its advertising-funded search engine, which helped it grow to its present size. With a growing interest in other parts of the technology industry, the company has been working for years to shift away from its ad-dependent model. It is worth noting that 79 percent of Alphabet's revenue still came from advertising last year.
Nonetheless, Google Cloud has become a significant source of revenue for the company. It accounts for 9% of Alphabet's revenue in 2022, up from just over 7% the previous year. Additionally, Alphabet owns numerous companies, including Verily Life Sciences, DeepMind, and Waymo, among others.
While Alphabet allows most of these companies to operate under different brands and rarely breaks down the financials separately, investors should not be surprised if some of these companies become more prominent within Alphabet if advertising growth continues to slow.
If Alphabet's multiple companies fail to save it from an advertising slump, its balance sheet can. The company's success in advertising has made it incredibly wealthy, with nearly $114 billion in liquidity. Although that amount is down from $140 billion in 2021, the cash reserves give Alphabet considerable leeway.
Alphabet generates around $60 billion in free cash flow in 2022 alone, and therefore, even if some concerns about Google's competitiveness in search prove valid, Alphabet is still likely to generate revenue from various other sources.
Despite Alphabet's favorable macroeconomic outlook, the stock price has steadily declined amid a bear market in technology and a downturn in the digital advertising industry. The stock price plummeted to $83 a share, about 45% from its peak to its low, due to concerns about ChatGPT. Although the stock has recovered somewhat since then, it is still selling at a 30 percent discount from its high in early 2022.
Moreover, the price momentum has driven its P/E ratio down to 23, making it a cheaper stock than all of its mega-tech peers. Given Alphabet's macroeconomic situation, investors may have an opportunity to purchase its stock. Nonetheless, it remains uncertain when ad spending will recover, and ChatGPT poses a real competitive threat to the search engine.
However, even if Alphabet loses its edge in these businesses, the company has plenty of other investments and a cash reserve of $114 billion, which ensures a long-term recovery regardless of how the search and digital advertising business develops.
GOOGL Long Term AnalysisNASDAQ:GOOGL Hi guys,
So this is my analysis for GOOGL . Please bear in mind that this is a long term analysis and it could take time to play out.
As you can see GOOGL was in a clear Uptrend (Higher Highs, Higher Lows). We created ATH in November 2021 and since then price tried to break that level in January 2022 but that attempt to break it was not successful.
We created Lower High and finally in April 2022 trendline indicating uptrend was broken. Since then as you can see, price is creating Lower Highs and Lower Lows indicating we are in Downtrend.
Possible reversal zones are Monthly Fibonacci Levels and Historical Demand Zones (where people are BUYING this stock). So that is a pretty nice alignment if you ask me and this are the zones I will be looking to place some buys if we reach them.
For GOOGL to go up we need to break previous Lower High and of course a Downtrend Trendline as you can see on the chart. However, this can happen even now if this Lower Low holds and we start creating Higher Highs and Higher Lows to indicate return of the BUYERS and potential Uptrend, then we just follow the break of each Lower High from the past and that is exactly the point where you can consider taking some profit as these are the points where price is likely to make a pullback.
This is not a financial advice :)
Trade safe
Alphabet Price Prediction 2023 (LONG)Alphabet Long price prediction for end of 2023 following Gann analysis and Fibonacci retracement, as usual.
LEVELS
Conservative: 98.30 USD (+ 9%)
Moderate: 103.40 USD (+ 13.7%)
Most realistic: 107.3 USD (+ 17.9%)
High Risk ( out of Fibonacci ): 113.3 USD (+ 24.46%)
Unrealistic ( still inside of Gann ): 130 USD (+ 42.75%)
Elliott Wave View: Alphabet ($GOOGL) May Find Support SoonAlphabet (GOOGL) cycle from 1.6.2023 low ended as a 5 waves impulse with wave ((1)) at $107.85. Pullback in wave ((2)) is in progress as a zigzag Elliott Wave structure. Down from wave ((1)), wave (A) ended at 100.87 and wave (B) ended at 108.18. Wave (C) is currently ongoing with subdivision as an impulse structure. Down from wave (B), wave 1 ended at 92.26 and wave 2 rally ended at 97.68. The 30 minutes chart below shows the starting point of wave 2 as the invalidation level.
Down from wave 2, wave ((i)) ended at 96.26 and rally in wave ((ii)) ended at 97.06. Stock extends lower in wave ((iii)) towards 89.76 and rally in wave ((iv)) ended at 91.16. Final leg lower wave ((v)) ended at 88.58 which completed wave 3. Rally in wave 4 is in progress to correct cycle from 2.17.2023 high as a zigzag structure. Up from wave 3, wave ((a)) ended at 90.26 and dips in wave ((b)) ended at 89.33. Wave ((c)) higher is expected to reach 91.06 – 92.12 area where wave 4 should end. Afterwards, stock should resume lower in a marginal wave 5 to complete wave (C) and ((2)) before it turns higher. As long as the low on 10.31.2022 low holds at 83.34, the pullback should find support for extension higher or rally in 3 waves.
GOOGL:Fundamental Analysis + Possible Next Target Warren Buffett is an expert at capturing the attention of Wall Street analysts and investors. This could be attributed to the more than 3,800,000% cumulative return he has generated to his company's Class A stock (BRK.A) since taking over as CEO in the 1960s.
His stellar investment track record has enabled new and repeat investors to follow him for decades and achieve substantial returns. This is ultimately what makes Berkshire Hathaway's Form 13F filing such a highly anticipated event.
Many people who follow Berkshire Hathaway's buying and selling are presumably aware that Apple is the company's largest holding. Apple accounted for 41% of Berkshire's $342 billion in invested assets a week earlier. Apple was also one of three stocks added by Buffett and his investing team during the fourth quarter.
Similarly, Amazon has been a Berkshire Hathaway holding for the past four years (since Q1 of 2019). Oracle's prior remarks from Omaha imply that he was not the architect behind the takeover of the world's largest e-commerce company. Rather, one of his investment lieutenants, Todd Combs or Ted Weschler, was responsible for the $1.06 billion holding in Amazon.
Buffett was only indirectly familiar with the other three FAANGs - Meta, Netflix, and Alphabet - before Berkshire Hathaway and New England Asset Management released its current 13F reports. The situation has now altered.
In the fourth quarter, New England Asset Management purchased 17,100 Alphabet shares, primarily Class A shares (GOOGL).
The straightforward answer to the question "Why Alphabet?" is based on three factors: market share, cash flow, and valuation.
Let us begin with the reality that Alphabet has a complete monopoly on Internet search. Since December 2018, Google has accounted for at least 91% of global search share, according to GlobalStats. Although ad spending cycles, Google's almost 90 percentage point dominance over its nearest competitor provides it unparalleled pricing power when working with advertisers. Given how the US and worldwide economies have developed over time, Alphabet, fuelled by advertising, is the clear winner.
Second, Alphabet is a money generator, allowing it to actively reinvest in a wide range of high-growth activities. The corporation generated $91.5 billion in operating cash flow in 2022. This massive cash flow allows the corporation to expand the scope of its Google Cloud infrastructure service, which has taken almost 10% of the world's cloud infrastructure market, according to a recent Canalys analysis.
Furthermore, Google's extraordinary cash flow, along with $99 billion in net cash, cash equivalents, and marketable Alphabet securities, allows the corporation to reinvest in the streaming channel YouTube, which is the world's second most visited social site. Alphabet is currently experimenting with new ways to monetize short videos known as YouTube Shorts. Every day, more than 50 billion "shorts" are viewed!
Third, Alphabet has historically been cheap in terms of both future revenue potential and cash flow. Despite a five-year average price-to-earnings ratio of 25.4, the company is now valued at 15.5 times Wall Street's predicted earnings for next year.
Furthermore, Alphabet has averaged 18.6 times year-end cash flow over the last five years. Investors may buy Google shares right now for just 6.5 times the company's estimated cash flow in 2026, according to Wall Street's most forward-looking projection.
In other words, Alphabet satisfies all of Buffett's investment criteria.
Google - Bearish SentimentI still expect price to take out the EQUAL HIGHS at 107.88 and also fill the bearish gap. All the liquidity sitting there must be swept right up to 111.50 (order block).
Price has now taken out the liquidity at the 94.00 region.
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Patience, price action and risk management pay in the markets!!!
Good time to start buying GOOGLEYou know all the teck stocks are rebounding hard, and Google was about to rebound as well; but Google's unsatisfactory debut of AI Bard became a good source for panic sell.
This kind of stuff is temporary, and the macro trend will override the micro(temporary) trend.
Thus, this temporary dump or retrace is actually really a good chance to buy in.
If you really like Google and believe that Google will continue to do well in 3~5 years, you should definitely dive in.
Good entry price will be around $95~$84.
You will enjoy at least +30% profit within 2023.
That's not crazy profit, but yeah that's a solid profit.
Disclaimer: Even though this is a good chance, I believe crypto will give me better profit; so I am not buying any Google.
$msft weekly close Microsoft (MSFT) had a great start this week with the announcement of its new AI partnership with OpenAI, as well as some positive signals from its double bottom pattern. However, by the end of the week, MSFT seemed to be losing momentum and experienced a pullback to its support level. The question now is, will it be able to hold or will it falter?
$GOOGL OverreactionThis situation is quite silly. The media is blowing it out of proportion and believes OpenAi is the second coming of Jesus. Google has 91% market share of Search, and Bing has about 2% share. Microsoft, part owner of OpenAi, plans to grow their search efforts and compete with Google search. The threat is that Bing may take a couple percent. In reality, people won't be switching their browsers where they have their passwords, addresses, bookmarks, email account, extensions, payments, and more saved over an implementation of ChatGPT, which they can just use separately from search.
Remember, people hate change, especially when it ruins convenience. ChatGPT is cool, and I've been playing with it since December, it has plenty of it's own problems. No one has invested more in Ai then Google.
As far as the trade goes. Any buys at this level are a good entry. $85-$90 even better.
Google - Bearish SentimentPrice broke structure at 100.29 to create equal highs at 107.84. Then price gave us a BEARISH GAP to take out ORDERS at 102.09. The BEARISH GAP that was created must be filled before price can drop significantly.
I expect price to fill the BEARISH GAP and take out the EQUAL HIGHS at 107.84. The 113 price point is where price will go. From there a major dip will happen. This will take out the ENGINEERED LIQUIDITY ($).
I am EXTREMELY BEARISH on Google!!!
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Price action is KING!!
GOOG: Bottom Completion FailureGOOG shows a failure to complete a bottom. The stock moved up and above the resistance level that needs to sustain to complete its bottom, but it failed to sustain the gains.
This stock was part of the last New Tech Virtual Course I did, since it is developing several new technologies for its own use and to sell to other companies. AI is the big competition area right now, so GOOG may see added volatility this year as the market reacts to AI feature releases, as it did today.
But the support range at the lows of this bottom formation is strong due to a Dark Pool Buy Zone that has been consistent.
GOOG Alphabet Options Ahead of Earnings | Last Quarter of GrowthAs you can see, the last chart was pretty accurate:
Now I think this year we will see Google losing ground in the advertising industry.
The Justice Department filed an antitrust lawsuit Tuesday against Google alleging the company of abusing its dominance over smaller rivals by operating like an illegal monopoly.
MSFT Microsoft bought a 49% stake in OpenAI, who owns CHatGPT, that ca really be a rival to Google in answering questions.
As a matter of fact i am using ChatGPT more than Google search right now.
So i believe this is the last quarter of growth for GOOG / GOOGL, as you can see in the chat, because Q4 was not impacted by ChatGPT so much.
Looking at the GOOG Alphabet options chain ahead of earnings , I would buy the $100 strike price Calls with
2023-2-10 expiration date for about
$2.66 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.