GOOGL Daily Launch PadGOOGL has been riding the 50 EMA on the daily for quite some time. After the late October shakeout down to the 200 EMA, GOOGL has looked very strong and been trending upwards in this accumulation zone. A clean break above $141 should send this to test the high at $150 and beyond.
Big Tech Stocks: Macro Fib SchematicsThis one might be a doozy to look at and I understand. However... Companies that make up trillions of dollars of the broader market are obviously going to be extremely complex using Mathematical Fib Schematics.
These schematics were NOT easy to organize and lay out together so give me a break.
Each one of these companies has MULTIPLE Fib tools on each of them. This is called Fibonacci Clustering. You can also call it a cluster F***...
All I can say for this one is, You either see it or you don't. I am certain of the veracity of these charts so I don't care what plebs have to say about how this looks. I am the ONLY person who has ever laid this out so perfectly you will EVER see. Quote me on it because good luck finding this material literally anywhere on the internet unless you break into Blackrock's HQ.
Easter Egg: Click Logarithmic mode on NIVIDA for an extra Fib view of why NIVIDA topped out where it did.
EOY Review $GOOG strong year heading into exhaustion levelNASDAQ:GOOG
Magnificent 7 did great this year, GOOG included
strong close, 4 green quarters in a row
exhaustion risk -for what it's worth- around that 152 level
will be interesting to see how this level (and similar levels for the other big 6) will play any role in what the big guys/institutes will do here
let's watch and see, anything can happen, incl. big tech (check out '22)
Unveiling the Synergy Between MAP Protocol and Google Cloud
In the fast-evolving landscape of technological advancements, a groundbreaking partnership has emerged that promises to redefine the intersection of blockchain and cloud computing. Google Cloud, a powerhouse in the tech industry, and MAP Protocol, a trailblazer in peer-to-peer interoperability, have joined forces to create a synergy that opens new frontiers for developers and investors alike.
The collaboration marks more than just a fleeting alliance; it lays the foundation for an ongoing technological revolution. A Google Cloud representative expressed genuine enthusiasm for the partnership, underscoring its pivotal role in driving technological progress. The integration of MAP Protocol's peer-to-peer interoperability with Google Cloud's robust infrastructure is poised to enhance accessibility to blockchain for developers of all levels, paving the way for a new era in decentralized solutions.
What sets this partnership apart is its strategic vision for the future. In the months to come, MAP Protocol plans to harness the cutting-edge technology offered by Google Cloud to elevate the Web3 developer experience. This forward-looking approach not only ensures continuous innovation but also positions NASDAQ:GOOGL as a frontrunner in shaping the landscape of decentralized technologies.
Investors keen on tapping into the future of technology have reason to be excited. Google Cloud's state-of-the-art technology is set to provide MAP Protocol with the tools needed to create a supportive and solidified builder experience. This, in turn, will facilitate a seamless transition from Web2 to Web3, placing NASDAQ:GOOGL at the forefront of the next wave of technological evolution.
The collaboration is strategically positioned to catalyze the growth of the Web3 industry, making decentralized blockchain technology more accessible to developers worldwide. The rising trend in Alphabet A stock prices underscores the positive sentiment among investors, indicating a strong buy interest. The stock, currently testing support at $140, presents a pivotal moment for investors. A positive reaction at this support level could signal an upward trajectory, aligning with the overall rising trend channel in the medium to long term.
Investors seeking to capitalize on positive developments and be part of the transformative journey into Web3 should take note. The MAP Protocol and Google Cloud collaboration positions NASDAQ:GOOGL as not just a stock but a gateway to the future of technology. With ongoing advancements and a commitment to enhancing the Web3 developer experience, Alphabet A stands as a compelling investment opportunity for those who recognize the potential of this groundbreaking partnership. As the collaboration unfolds, NASDAQ:GOOGL emerges as a beacon for investors looking to ride the wave of innovation in the tech industry.
Google Cloud to Run Validator on Crypto Gaming Network XPLAGoogle Cloud will be the first “volunteer validator” on the XPLA gaming chain, adding to Google's growing list of crypto allies.
XPLA, a blockchain network founded by major South Korean game publisher Com2uS, has enlisted Google Cloud as its first “volunteer validator” for the network.
Blockchain validators verify and confirm transactions to support the network. In the case of XPLA, volunteer validators are not rewarded with tokens for supporting the network. Instead, the tokens are distributed to a community pool.
That's the plan, at least. The XPLA network is currently voting on the proposal to institute the volunteer validator feature, and it has 100% votes in favor as of this writing.
XPLA is built on Tendermint, the same protocol that powers the Cosmos network, and it’s also compatible with the Ethereum Virtual Machine. Notable games that run on XPLA include The Walking Dead: All-Stars, Summoner’s War: Chronicles, and Ace Fishing: Crew—all based on existing IP that has been adapted for “play-to-own” blockchain games.
The network was originally established as C2X and built on Terra, the network that lost considerable traction after the collapse of the UST and LUNA tokens in May 2022. The XPLA network was then launched in August 2022. Other XPLA validators include metaverse investor Animoca Brands and mobile game developer Gumi.
Google Cloud has previously signed on to run a validator on a few other blockchain networks, including Solana, Tezos, Aptos, Ethereum scaling network Polygon, and DeFi network Celo. It also collaborated with exchange Coinbase to accept cryptocurrency payments.
In April, Google Cloud launched its Web3 Startups Program to offer additional benefits for crypto firms in partnership with networks like Solana, Aptos, Near, and Hedera.
GOOGLE: Strong buy for $155.Google opened today under the 1D MA50, neutral on its 1D technical outlook (RSI = 48.601, MACD = -0.240, ADX = 32.196). Through out 2023, a 1D RSI value below 50.000 has been a buy opportunity and even more so now that the price is near the bottom of the twelve month Channel Up. This consolidation during the last Bullish Leg of the Channel Up (April 6th - May 5th), was the last buy opportunity before the stock resumed the rise and peaked over the 1.618 Fibonacci level for a HH. We are buying again on GOOG, this time aiming over its All Time High, exactly on the 1.618 Fibonacci (TP = 155.00).
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📈 Google Analysis - A Conundrum! 🚀Our entry into Google was perfectly timed, thanks to the limit order. Now, we face the challenge after our subordinate 5-wave structure, where we completed Wave 1 with an abrupt Expanded Flat (a, b, c). The question arises: is this already Wave 2, or is it Wave ((a))? Currently, it appears to be a triple correction upward, specifically a Regular Flat.
Possibly, there might be a downward correction, perhaps to a Double Bottom around $128, the level of our entry. That would then finalize Wave 2. This scenario is possible, though not definitive. There could be another decline in Google in the coming days before it takes a decisive upward turn. 📈🚀
Alphabet Inc. (NASDAQ: GOOG) Currently in an Uptrend MoveGOOG is currently in an uptrend, as it is above the 50-day EMA, the 100-day EMA, and the 200-day EMA. The 50-day EMA is also above the 100-day EMA and the 200-day EMA, indicating a strong bullish momentum. The stock recently bounced off the 50-day EMA, which acted as a support level, and broke above the previous resistance level of $1,500. The next resistance level is around $1,600, which is the all-time high reached in October 2020.
The stock may face some profit-taking or consolidation near this level, but if it breaks above it, it may continue its uptrend. The next support level is around $1,450, which is the previous resistance level and the 50-day EMA. If the stock breaks below this level, it may indicate a weakening of the bullish trend and a possible reversal. The next support level is around $1,350, which is the 100-day EMA and the previous support level. A break below this level may confirm a bearish trend change and a possible death cross.
GOOGLE Buy the pull-back for a $145 Santa's rally.Alphabet Inc (GOOG) gave us a great +20% pre-earnings bullish signal last time we looked at it (July 25) that hit the $140.00 target before pulling back (see chart below):
Right now the price is above the 1D MA50 (blue trend-line), within two Channel Up patterns, with the latter being the (diverging) dotted one. With the 1D RSI hitting its Lower Highs trend-line that has caused technical pull-backs since July 28, we expect a short-term correction near the 1D MA50 and then rebound to price the Channel Up Higher High at $145.00. That will complete a +20% rise from October's bottom, which has been the average % rise for a bullish sequence within 2023.
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GOOG: Technical Trade AnalysisOur portfolio is up by 17% over the last month 🍾🍾. Here is the link:
www.tradingview.com
Here is the latest analysis of our GOOG trade:
Analyzing the provided chart for Alphabet Inc. (Google) Class C on NASDAQ (GOOG), we can consider several key aspects to determine potential exit strategies in line with Mark Minervini's swing trading approach:
Moving Averages: The stock is currently trading above the 50-day moving average (MA), which often acts as support in an uptrend. As long as the stock remains above this moving average, it could be considered to be in a healthy uptrend.
Volume: There is no visible volume spike on the entry day; however, subsequent days show average to above-average trading volume, which is generally positive for a continued uptrend.
Bollinger Bands: The price is approaching the upper Bollinger Band, which could be an area of potential resistance. Some traders might consider taking profits as the price touches or breaches this upper band, especially if it coincides with other signs of overextension.
Relative Strength Index (RSI): The RSI is approaching overbought territory but is not yet above the 70 level, which might suggest caution but not necessarily an immediate exit.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and above the zero line, which is bullish. There is no immediate sign of a bearish crossover, which would be a potential exit signal.
IBD RS (Investor's Business Daily Relative Strength): The IBD RS line is trending upwards, indicating the stock is performing well relative to the market.
Considering Minervini's strategy, which typically involves selling on strength rather than weakness, potential exit points could be:
Break of Trendline: If the stock breaks below the short-term moving average or a trendline support, it could be an indication to exit, especially if the volume increases on the downside.
Technical Weakness: Any bearish reversal patterns, such as a bearish engulfing candle or a high-volume decline through the 50-day MA, could signal an exit point.
Profit Target: If the stock reaches a predetermined profit target, such as a percentage above the buy point or a previous high, it might be a good time to take profits.
Time Stop: If the stock hasn't met the expected price target within a specific time frame, it might be prudent to exit the position to avoid opportunity costs.
Given these considerations, it's also important to have a pre-determined trailing stop-loss to protect profits. If none of the exit criteria have been met but the stock continues to make higher highs and higher lows, maintaining the position with a trailing stop-loss could be a suitable strategy, adjusting the stop-loss upwards as the stock appreciates. Remember to continuously monitor the position and market conditions, as things can change rapidly.
Google In Talks To Seize Major Stake In UK Challenger MonzoAlphabet, the parent company behind Google, is reportedly on track to seize a major stake in the digital retail bank Monzo as it leads investors in a fresh funding round.
Alphabet will leverage its independent growth fund Capital to pour between £300 million and £500 million into the UK-founded challenger, valuing it above £4 billion, Sky News reports.
Also set to include new and existing investors, sources tell Sky News that the round could close before the end of the year, however final details are yet to be released.
The challenger last raised over £377 million ($500 million) in December 2021 in a Series H funding round led by Abu Dhabi Growth Fund, with participation from Accel, General Catalyst, Goodwater, Passion Capital, Octahedron and Thrive along with new investors Coatue and Alpha Wave Ventures.
Last month, Sky News reported that Monzo was looking to raise £300 million in fresh funds through a share sale, and is believed to have engaged with a number of blue-chip investment funds.
The move is thought to be clearing the way for the challenger to go public, while ex-Cash App head Conor Walsh and Brolly founder Phoebe Chibuzo Hugh have been brought on-board to lead both its product and market expansions.
It’s not clear when or where Monzo will induce a stock market floatation, but Alphabet and its long history of acquiring companies that go public inching ever closer into its ownership structure could provide the finishing touches to its final preparations.
Price Momentum
GOOGL is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
GOOGLE: Second major bullish wave already under way.Google closed the week over the 1D MA50 with the 1D technical outlook bullish (RSI = 57.062, MACD = 0.820, ADX = 43.635) again for the first time since October 24th. The rally since October 27th low is the second major bullish wave of the Channel Up pattern that Google is trading inside for almost 12 months.
We expect the first part of this wave to peak after completing a +20% move (TP1 = 146.00). But on the longer term, the overall wave should make a HH at the top of the Channel at around +45.50% from the bottom (TP2 = 175.00). The 1D RSI is trading inside a Channel Down, suggesting a decelerating trend.
See how our prior idea has worked:
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Google $GOOG Island Gap 🏝️Google appears to be setting up an "Island Gap Reversal Pattern" 🏝️
Characteristics of an Island Gap:
1. A lengthy trend leading into the pattern. ✅
2. An initial price gap. ✅
3. A cluster of price periods that tend to trade within a definable range. ✅
4. A pattern of increased volume near the gaps and during the island. ✅
5. A final gap which establishes the island of prices isolated from the preceding trend. ✅
Target: 105-108 😱😱
(NASDAQ: GOOGL) Is Alphabet Inc. a Buy?Thinking about the big picture
I always stress how important it is for long-term investors not to get caught up in any single quarter's performance. If you plan to own a stock for five or 10 years, what happens in any three-month period is hardly important in the grand scheme of things. This same approach should be applied to Alphabet.
Yes, the market reacted negatively to the tech giant's latest earnings. But a valid question to ask is: Is this company's long-term competitive position under threat? I think the answer to that question, based on the facts, is a resounding no.
Let's focus on Alphabet's bread-and-butter search business. According to statcounter.com, it still has a monopolistic position, with just under a 92% share of the global market.
Is OpenAI's ChatGPT integration really enough for consumers to ditch Google and start using Microsoft's Bing search engine? It's a stretch for someone to believe this to be true. To be fair, the market could shift radically in the next few years, but that is almost impossible to predict. And right now Google is still the leader in search, and as a result of that, digital advertising as well.
In order to position itself for the AI wars, Alphabet has just agreed to invest $2 billion in Anthropic, an AI start-up that has created a chatbot that is a direct competitor to ChatGPT. Maybe more importantly, Alphabet is planning to launch Gemini, its internally developed generative AI model, which could be more versatile and powerful than OpenAI's offerings. This could quiet the doubters who think this business is falling behind.
Additionally, investors have to ask if the growth of AI will really bring about entirely new use cases for consumers and businesses, or if this revolutionary technology will simply improve what already exists. As of right now, it looks like the latter will happen. And "with 15 products that each serve half a billion people, and six that serve over 2 billion each," according to CEO Sundar Pichai, Alphabet already owns some of the most popular, widely adopted internet properties on the face of the planet. This gives it a huge leg up to introduce AI innovations to an existing user base.
GOOGLE - The warning signs were thereWe did not trade this directly because:
- We were short on both the Nasdaq and the SPX500.
- Both the assets above had a better RR.
- Both have made us higher percentages than Google would've so far.
However, we deem it important to post google as it is exactly the type of trade set up that we preach about and showcases traditional Technical Analysis in its best light. It also drives the Index funds and so reflects how we've position ourselves lately.
Google broke down of its falling wedge and confirmed the breakdown. Before this it held a key level as resistance and was also showing extensive bearish divergence. Lastly, it was at a great value area for a short reaching just over the 0.786% retracement from the Low to ATH.
Please ask any questions you may have!
GOOG Rising Wedge Here is a simple rising wedge pattern on google with bear gap resistance above you dont want to get caught guessing the top because there is no way to tell exactly when price will reverse. Just react and catch the move when it presents itself. Expect to enter after either A) Gap Down, B) intraday Head and Shoulders or C) intraday bear flags.
Trade setup_20% wave in GOOGLEGoogle is all set to move up in wave V of 3 towards the 150$ mark.
On the way up watch out for levels 131.9 and 134. If the stock surpasses them with ease that would reduce the probability of this bounce being an "X" wave and the stock will make it to the 150 mark.
Note*- do your own study/research before taking up any financial positions.
Google Poised To Backs Anthropic With $2BWith a massive $2 billion reported investment from Google, Anthropic joins OpenAI in reaping the benefits of leadership in the artificial intelligence space, receiving immense sums from the tech giants that couldn't move fast enough themselves. A byword for the age: Those who can, build; those who can't, invest.
The funding deal, according to sources familiar cited by The Wall Street Journal, reportedly involves $500 million now and up to $1.5 billion later, though subject to what, if any, timing or conditions is unclear. I've asked Anthropic for comment on the matter.
It recalls — though it does not quite match — Microsoft's enormous investment in OpenAI early this year. But with Amazon committing to as much as $4 billion to Anthropic, the funding gap is probably more theoretical than practical.
The Google investment is just the latest in a developing proxy war between rival companies with a limited number of champions to back. Though all these companies are powerful and expert in many areas of technology, the simple fact is none of them would be able to stand up a credible competitor to either OpenAI or Anthropic in the area of large language models. And since everyone is also betting that LLMs are going to upend their business models and become crucial components of any future tech platform, they can't afford to not have at least partial ownership of the leaders in the space.
They have more than money, as well: It would be similarly difficult for the AI startups (though one may well question that title now) to stand up the infrastructure needed to build and deploy these AI models at the scales required to operate profitably. So the deals also involve things like compute credits and mutual aid.
Price Momentum
GOOGL is trading in the middle of its 52-week range and above its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.