GOOGL
Alphabet, sideways channel & price on trendline analysisThe stock is consolidating in a sideways channel after a strong bullish movement. Now the price is on the mid-term bullish trendline. If the price continues higher and breaks the resistance level (987.00), the minimum target is around 1065.00. If the price breaks the trendline and the support it may start a strong bearish movement. The breakout must be confirmed by very high volume to avoid fakeouts or pullbacks.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
Reverse happening much soonerA couple days ago I published my predictions for Google. Sadly, it's happening much faster than anticipated.
GOOG: Go long at market open...I'm initiating a position in $GOOG at market open tomorrow. There was some kind of glitch, and the chart looks really funny, so I decided to post it for posterity. The folks at Zerohedge were gloating, looking at the stocks limit down after this glitch, it's actually just that, and in fact, trades that might have taken place were reversed as far as I know.
Either way, price hit support -before charts got messed up- so it's a really reasonable place to enter a 10% long position in $GOOG once more.
For reference, this is the way the chart looked on close:
Happy Independence Day to all Americans, and remember to go long burgers... www.zerohedge.com
Cheers,
Ivan Labrie.
Mister Google, is Donw now But,The giant is in trouble now already stumbled on his way over the 1000 points, but remember that while he stumbled and fell on the road, as every giant is powerful and can reincorporate again and continue on the road walking and recovered in the ;)
GOOGL on hourly potential gartley patternGOOGL on hourly completes a Gartley patten
at the 990.8 level and could potentiall pull back to 970s
GOOGLOur preference: sales position below 1010.00 with targets at 991.00 & 981.00 in extension.
Alternative scenario: in excess of 1010.00, aim for a continuation of the rise with 1020.00 & 1030.00 in line of sight.
Comment: The RSI calls for a continuation of the decline.
GPRO1) many rumors about a possible acquisition by SNAP (or some big...incoming tax holiday);
2) GPRO is at interesting price
3) chart: explanation in the chart
4) I'll be IN GPRO, waiting for entry point and looking for > TARGET A (first gap area +24%), TARGET B (second gap area +45%)
TRADE LONG SHORT LIKE A PRO, GOOG & BABAWithin a short to intermediate time frame, we see a potential upside momentum on GOOG while we think as a hedge, it might be reasonable to short sell BABA.
GOOGLE
ALIBABA
BABA
GOOG
GOOG
Resisting the Temptation of GOOGL StockAlphabet's eight and a half years old uptrend appears to be nearing its end. The bears might drag the stock to $700 from now on.
The Up Trend is ToppingI prefer using log scale for high flying stocks. You can clearly tell Googl upward momentum is abating. We all know 250 advertisers dropped adds on youtube due to offensive content. Now googl is working on the issue but once you loose advertising you also loose pricing power. Getting advertisers back will likely come at a discount cost. Google faces lower add revenue will they seek to fix this issue.
