Get started

GOOGL

Elliott Wave View: Google (GOOGL) Ending 5 waves ImpulseIn the aftermath of COVID-19 selloff, Alphabet (GOOGL) formed a low on March 23, 2020 at 1008.87. From there, the stock is rallying as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended at 1173.4 and wave (2) pullback ended at 1075.08. The stock then resumed higher in wave (3) towards 1297. The 45 minutes chart below shows the wave (3) rally. It then pullback in wave (4) to 1205. Subdivision of wave (4) unfolded as a zigzag where wave A ended at 1256.44, wave B ended at 1276.82, and wave C ended at 1204.68. Wave (5) is currently in progress and unfolding as a 5 waves impulse in lesser degree. Up from wave (4) at 1205, wave 1 ended at 1288.15 and pullback in wave 2 ended at 1230. The stock then resumes higher again in wave 3. Near term, while dips stay above 1204.68, expect a few more highs to end wave (5). This should also complete wave ((1)) in higher degree and end cycle from March 23 low. Stock should then pullback in wave ((2)) to correct cycle from March 23 low in 3, 7, or 11 swing before turning higher again.
NASDAQ:GOOGL
by Elliottwave-Forecast
1
Daily Review: GOOG, AMD, and MSFTU.S. markets began the week on a strong note, led by small caps. The Russell 2000 Index finished the day up nearly 4% while the Nasdaq 100 lagged behind notching 0.5% at the end of the session. This week represents a pivotal point of the rally as earnings season hits full swing with big cap tech reporting this week. Some names on deck later this week are TSLA, FB, AAPL and SHOP of which I will be reviewing on later posts this week. Today, we search for some market clues with GOOG, AMD and MSFT. Tech Flexing It's tough to bet against tech these days. Despite a global economic shutdown, large cap tech stocks have been resilient…on the charts. It will be interesting to see how they look on the balance sheet! We begin today with Alphabet, Inc (GOOG) on a weekly view. GOOG has staged an impressive rally off the March 23 low making up nearly half its losses from its all-time high, $1532.11. At first glance, GOOG appeared to have broken through critical long term trendline support, but after review, GOOG has found support on a trendline drawn from the 2015 lows. GOOG is heading into 2020 earnings after delivering strong 18% increase of revenue year over year. However, there are questions on whether the internet advertising giant will be able to impress this time around. The COVID-19 pandemic has definitely had an impact on whether businesses invest in online advertising, a large share of GOOG's revenue. Whether the magnitude of the impact shows up in Q1 earnings is yet to be seen. Overall, GOOG bulls have enjoyed the past months worth of gains. However, there is reason to be cautious going into earnings as market strength and price begin to divert while overhead weekly resistance remains. Bias: Bearish . Technically, Beautiful Advanced Micro Devices, Inc. (AMD) has been the semiconductor darling for over a year ever since breaking out from a year long cup and handle pattern on October 2019. AMD is now up 100% since that breakout and COULD be poised for more upside. I emphasized could on purpose, because on the weekly chart AMD is knocking into resistance at $59.27. Any break higher may also be met with RSI divergence. AMD in my opinion is a tough buy at these levels as the risk reward is not favorable going into earnings. On the plus side, AMD is a beneficiary of being partnered with Sony and Microsoft who are both scheduled to be releasing brand new gaming consoles later this year. How these schedules are impacted by COVID-19 is yet to be seen. Nevertheless, I would not be surprised if AMD pulled back a bit before heading higher. Overall, I like the stock long term from a technical and fundamental perspective, but on the short term I'll be waiting on a dip. Bias: Bearish . Trillion Dollar Baby Above is the daily view of Microsoft Corporation (MSFT). Trading 8% below its all-time high, MSFT is going into earnings in potentially in a make or break position for the broad market. MSFT makes up the largest percentage weight of the Nasdaq 100 (NDX) and today the index was lagging behind throughout the trading session. Either, MSFT and big tech have run out of gas or this is a healthy pause before marching back into all-time highs. If MSFT does pull back, there is not much support. The rally has been a straight shot up from the lows. MSFT is a tough buy here especially after the discouraging performance of the NDX at the start of the week. Bias: Bearish . Pivotal Week Ahead With MSFT, AAPL, GOOG, AMZN and FB all reporting fiscal year Q1 2020 earnings this week, we should get a better grasp of how the market will trade in the months ahead. We must also assume that companies will be doing their best to lay down the framework to ease in the harsh reality of Q2 earnings, which undoubtedly will more accurately reflect the impact of the global economic shutdown. Tomorrow we have Tesla, Facebook and Apple. Have a great evening!
NASDAQ:MSFT
by DailyClose
GOOGL technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GOOGL technicaly indicators showing we can expect higher bulish market recoveryng phase, FIBO 0.382 which is in some cases strong supp is breaked, good bulish candels foramtion, expecting to see push in price till FIBO 0.6 on same place i and supp trend line . 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
NASDAQ:GOOGL
by UnknownUnicorn3983388
2
GOOGL, CAN BE ANY TRADE DONE IN THIS CRAZY TIMES? 10.3.2020Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest. Short description of analysis: As you can see, our zones work beautifully despite being in a time of fear and pessimism. In the short term, any speculation is very risky. Focus on longer periods of 6 months or more. If you want to risk and trade in this highly volatile period, then we can get to 1000 USD in the event of further rinsing. But remember every short position is very risky. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
NASDAQ:GOOGLLong
by Lucas_Sochulak
GOOGLE: Buy opportunity within the Channel Up.Alphabet Inc wasn't excluded by today's Coronavirus led pull back on the stock markets and declined below the 1D MA50 (blue line). The 1D chart turned bearish (RSI = 38.867, ADX = 33.996, Highs/Lows = -57.8228) but the price remains well within the long term Channel Up that started in July 2019. The 1D RSI just hit a 7 month Support and in fact the last time that happened (October 2nd 2019), the price also had just crossed below the 1D MA50. This was when it made a Higher Low on the Channel Up and gradually rebounded. We are expecting a similar bullish reversal. Our Target Zone is 1,500 - 1,530. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:GOOGLLong
by InvestingScope