GOOGL
Google (GOOGL) | The best area to buy🔥Hello traders, Google in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to our count, this share consists of the main waves 1 and 2, and the trend is within the waves of wave 3.
This microwave consists of 1 and 2 microwaves and 3 wave 4 and 5 wave microwaves are being completed.
That is, we are now inside wave 4 of wave 3 of wave 3.
We assume that wave 4 will go down to Fibonacci 0.38 and then go up to Fibonacci 2.27 for wave 5 of wave 3.
(It is also possible to start an ascent from the same area first, with a maximum target of 3000, and then start the correction) Finally, we will have a relatively deep correction for wave 4.
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GOOGLE: FALLING WEDGE, NEW ALL-TIME HIGH ON FAANG STOCKS?Hello Enthusiast Stock Traders! Here's Long-Term Outlook for GOOGL, Support the Channel by Smashing Follow & Like Button, also Share your opinion on the comment section below!
GOOGL has rejected the bullish trendline and kept moving above the ema90, the price action indicated a continuation of bullish trend. Furthermore, GOOGL formed the falling wedge pattern, We should wait for a breakout as a confirmation of entry point and bullish bias. MACD Indicator already crossed above the zero level area, indicating a potential stronger momentum or bullish bias ahead.
The roadmap will be invalid after exceeding the support/target level.
*DISCLAIMER:
This isn't a recommendation to buy or sell stock and only an Outlook from technical perspective.
Google (GOOGL) | The best area to buy🔥Hello traders, Google in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on our investigations of this share, we found that the first wave 1 and 2 are over and the wave we counted is part of wave 3.
We assume that the counted wave was wave 5 of wave 3 or wave 5 of wave 3 of wave 3.
In the count we did, waves (1) and (2) are over and wave 3 microwaves are forming.
From wave 3, waves 1 and 2 are completed and now the structure of wave 3 is completed.
From this structure, a wave 4 is confirmed by the break of the trend line , which is likely to end on Fibo 0.38, and the climb for wave 5 from 3 to Fibo 2.27, ie the price of 3000, will start slightly above the current peak.
And then we have the descent for wave-4, we did not consider a field point in this analysis.
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$US30 will previous support become the new resistance?*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$US30 brief update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team does not expect this trade to fill the gap down to the bottom of the green bar by Monday as charted, but anything could happen. For the most part all of our expectations for $US30 are being met.
We expect nothing but further bearish indicators beginning in the month of January.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Long GOOGL @ 2942.53Long one @ 2942.53 today. Price has crossed the red line upwards, while taking out the 2925 fractal (which is valid as it is above the 2919 red line). AO is below the zero line, which shows good energy build up for a possible upward move.
Stop loss will be a close below the red line, so risk is limited.
Adding 5 if price takes out the 3019 fractal, or any other Williams signal.
Weekly has taken a rest and it is still above the red line, so it is not against the daily momentum.
GOOGL, still another 30% to be had!GOOGL is a mature stock and tends to be very respectful of fibs, previously it was able to run up to the 5.618 fib of the 2009 crash (pretty much to the dollar) prior to the COVID crash. Assuming a similar outcome GOOGL still has room to run up to $3937 before a correction back to its current levels around the 3.618 fib.
$GOOGL | WEEKLY WATCHLIST 11/1I alerted a Google long debit spread last week and those printed in the end of the week! Expiration is this Friday so please take caution. Looking to potentially roll profits into a new position depending on how price action looks early in the week. An amazing breakout and reclaim of the longer term daily channel.
Last week, I said it was KEY that we get a daily candle close above the previous ATH level of $2925.04 which we did get. Looking for continuation this week to reach my wave 3 target of $3032 before a short wave 4 retracement and 5th wave higher. Really loving this setup as this leads big tech.