Google in inverted head and shoulders.Alphabet - 30d expiry - We look to Buy at 95.11 (stop at 91.82)
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 94.20.
Levels below 95 continue to attract buyers.
The primary trend remains bullish.
Dips continue to attract buyers.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 103.33 and 105.33
Resistance: 101.00 / 103.50 / 105.00
Support: 97.00 / 94.20 / 91.80
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GOOG Alphabet Inc. Technical ReboundIf you haven`t sold GOOG at the top, when Ark Invest did:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of GOOG is at 22.42.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
Google | Looking For The Next TargetAlphabet Inc (Google) peaked in November 2021... With one last hurray in January 2022 that wicked higher.
The All Time High came in January this year but only by a wick as the weekly candle closed much lower.
We have a year long downtrend already.
Time does fly by when one is not paying attention.
We opened this chart out of curiosity.
Since the Nasdaq100 (NDX) index is set to crash, all these companies are likely to follow and the charts are matching this statement.
The good thing is that a bottom is getting closer and closer, maybe just another 6/7 months for these stocks but still too early for us to say.
The main support we are looking at is sitting at 72.38.
89.42 is the immediate support.
We see rejection after rejection each time Google closes above EMA10 and tries to move up.
No relief rally here, not even when the SPX and DJI had a relief for several months.
Will there be a relief now for Google?
Not likely, don't think so.
These stocks/companies have been growing for decades, the market moves in cycles.
We are bound to see additional bleeding before a return to sustained growth.
Around 68 is our mid-term target.
For the bottom... We will have another look at this chart in 3 months.
Namaste.
Google: Rise like a phoenixThe Google course is currently rising like a phoenix from the ashes and slowy climbing out of the green zone. Once Google leaves the resistance at $104.82 behind, it should be able to catch its breath and use its strong wings to ascent above the resistance at $113.61. For now, it's important to stay above the $76.22 mark in order to keep the upwards trend going, although Google should not get too comfortable above the clouds since there might be a storm coming that could push our Phoenix back to the ground.
AMZN Amazon - Realistic Expectations In Both Doom and GloomSomething I am aware of is that traders get trapped primarily because they get laser focused on one specific side of the market and one specific price target. This happens either because of greed in wanting to get it allllllll from a winning position or simply being caught underwater.
Amazon, a formerly $1+ trillion company by market cap, lost 30% of its value in the course of literally two weeks, but yet, still does not count as "cheap."
Weekly
At $91, this thing is still pushing a $982 billion market cap, and this is a company that more or less exists as a cesspool of fake Chinese product reviews and as a western import hub for junk effectively siphoned from the Chinese Communist Party's Aliexpress.
Looking at the monthly, after two years of post-Coronavirus Disease 2019 distribution, nobody in their right minds should be bullish on Amazon.
It's no longer a buy, it's a sell, and has been all year.
It's not that Amazon is a bad company, it's that the market structure clearly seeks to drain all that coiled tension from two years of selling inside a (relatively) narrow range.
But that being said, you can also tell from the monthly that there's huge ranges playing out while it makes its way downwards. The monthly also shows that Amazon is trading at a deep discount level of its total COVID-era structure.
While it could run from here and take out the lows with great ease, or run towards them another 10% and double bottom, I feel it isn't likely to play out so easily for bears, who already just had a big meal, and should not be overly greedy.
When we look at the Daily, it gives us a lot more perspective and some things to be realistic about.
Namely, the September gap is above equilibrium and counts as a breakaway. Amazon will trade back there one day, but only after the market operator has achieved its downside objective, for it already played with equilibrium twice and had no interest in filling the gap.
But Amazon lost almost $20 on its earnings call to end October, and then bounced hard before proceeding to lose another $10 in short order.
The notions of "oversold" and "overbought" shouldn't be measured in terms of indicators, for those are just math-based lagging lines. Overbought and oversold should be measured based on price action, for in reality, when the trading desk at JP Morgan and Citadel sit down in the morning, they're looking at dollar values, just like you are.
"How much do I have to spend? How much can I make? How much do I stand to lose?"
But unlike you, they aren't looking at trendline astrology or squiggle lines and Elliot wave superstitions, because when it comes to taking risk and calculating for potential reward, if you lose, you can't really tell your shareholders things like "But meh Williams %R hit 42 while the wave count was a 16(a)(c)42. I don't know what went wrong!"
Based on today's overall wild price action it seems that indexes are poised to stop trying to make lows and rally. This is congruent with the timing we face, with the US midterms being Tuesday of next week and CPI printing on Thursday.
During today's manipulation, Amazon also made three consecutive hourly lows before finally pivoting. This should indicate the operators will seek short term upside.
What's good in this trade is a most conservative upside target is 10%, slightly over $100. Yet, if Nasdaq rips even 60 or 70% as hard as the Dow just did, upside targets in the $107 range are likely to be fulfilled.
If Nasdaq really goes crazy bull trap to sucker in retail and gamma squeeze, then $120 is on the table.
These are big opportunities one can take advantage of, but it's hard to take advantage of them if one has their eyes on the $81.30 COVID low because Fintwitt, your signal service Discord, some guy with a Pepe avatar who claims he worked for Goldman Sachs in 1997, etc., are screaming about recession and the Federal Reserve not pivoting.
GOOG: Inverted Cup with Handle Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit.
The daily EMA ribbon flipped bearish in April and since then a precipitous 38% downslide has ensued, the most recent retest of the daily EMA on Oct 24th yielded another crushing rejection. Price should be ready to run again to the downside as it recently slipped through a support/resistance line unrelated to the pattern around $89.40 and has since completed a pullback and been rejected.
FAANG Is about to go higher!Traders and Investors, FAANG index has reached an FCP zone which is also a previous structure level. This can create a good bounce up (BULL) opportunity for all FAANG stocks.
Facebook (Meta)
Apple
Amazon
Netflix
Google
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
GOOGLE A very bullish 2023 and this chart shows why.Alphabet Inc. (GOOG) broke two weeks ago below its 1W MA200 (orange trend-line) for the first time since the March 2020 COVID crash. The next Support level is the 1W MA300 (red trend-line). Since its IPO, the stock has had very symmetric Cycles which with the help of the Sine Waves can show tops and bottoms for consistent sells and buys.
On this pattern, the price level is not as important as the timing. As you see even the latest (All Time) High was fairly accurately predicted by the Sine Waves. The next bottom is projected to be by the first week of January the latest. As a result, on a multi-year scale investment strategy, the time to buy Google comes closer and closer.
Based on the Fibonacci extension levels involved, every Cycle High is at least +0.5 Fib higher than the previous one (basically only one has been +0.5, the rest have been at least +1.0 Fib). As a result, the High of the next Cycle should be at least on the 4.5 Fibonacci extension, around $198.00!
Can 2023 be such a bullish year for the tech giant amidst the Bear Market of rising inflation?
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Google supported by weekly bullish div.Alphabet - 30d expiry - We look to Buy a break of 103.66 (stop at 99.49)
Price action looks to be forming a bottom.
Bullish divergence can be seen on the weekly chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
The RSI is trending higher.
103.47 has been pivotal.
A break of the recent high at 103.47 should result in a further move higher.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 114.49 and 118.49
Resistance: 103 / 106 / 112
Support: 100 / 98 / 96
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.