Googleshort
Alphabet - Earnings report sends shockwaves through the marketYesterday, Alphabet sent shockwaves through the stock market after the close when it published its earnings report for the third quarter. The revenue was up 6% from the year earlier, and earnings per share stood at 1.06 USD, missing analysts' estimates. This earnings report is yet another line to confirm our thesis about the market progressing into the second stage of the bear market, with companies warning about the slowdown and failing to deliver expectations.
We expect this trend to continue during the next earning season and slowly lead the market into the third phase of the bear market. The same view is supported by the fact that the FED is about to increase interest rates next week and further tighten economic conditions, making a primary trend reversal very unlikely.
Therefore, we believe the reality will soon creep back into the market, and those who were buying the dip in hopes of catching a bottom will fulfill our prophecy once they sell those shares back to the market. As a result, we expect Alphabet to continue lower with the rest of the stock market.
Illustration 1.01
Illustration 1.01 displays the daily chart of the Alphabet stock. The yellow arrow points to the price retracement toward the 50-day SMA, representing a strong correction; the same retracement can be observed on the daily chart of Apple, Microsoft, General Motors, etc.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- are also bullish. Overall, the daily time frame is bullish; however, the data does not reflect the drop after earnings. Therefore, we expect the daily time frame to turn bearish today.
Illustration 1.02
Illustration 1.02 shows simple support and resistance levels for Alphabet stock on the daily graph.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are slightly bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Google Alphabet Movement Prediction In this idea I show Google's movement as I see it playing out. I have been moving into different types of charts to challenge myself as I grow my skills. I have to say I think I will like charting stocks as they each are pretty unique and are in their own right a puzzle to solve. I see this movement as Google's struggle to figure out where they belong in an ever changing digital world as some of their products grow stagnant and are being outshined by such things as Amazon Web Services. If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains.
Google: Searching for lower pricesAlphabet
Short Term
We look to Sell at 118.12 (stop at 121.10)
The medium term bias remains bearish. The sideways consolidation continued although the market managed to post a significant high at 120.00. Trading within a Bearish Channel formation. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 104.19 and 101.01
Resistance: 119.00 / 125.00 / 142.00
Support: 110.00 / 104.00 / 100.00
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.
$GOOG GOOGLE BIG Rising Wedge Bear Flag on the Daily Timeframe$GOOG GOOGLE
This rising wedge could be confused as a bear flag, however, both patterns are similar, bearish and generally followed by downside.
My guess is we fill the gap below the next support before seeing any major reversal on this stock.
Are there any hungry bears out there? GOOGLE this pattern and get ready!
On a fundamentals it is a buy buy buy long term according to all analyst because it doesn't have a sell rating. This wouldn't make most comfortable to enter short.
HOWEVER, google missed earnings Q1 2022 and it has been down trending since.
Google makes their money from search and unless they post good earnings or make an announcement I don't see why the gap below wouldn't fill based on TA.
GOOG Alphabet Stock SplitGOOG 20-for-1 stock split is scheduled to occur on July 15.
Companies that that did stock splits statistically had outperform the market in the 12 months following the split.
I think we will se GOOG trading at $2350 ahead of the split.
Looking forward to read your opinion about it.
GOOGL Earnings Miss | YouTube revenue disappointsYouTube has more than 2bn monthly users.
YouTube revenues rose 14% to $6.9bn, below the $7.5bn expected by analysts.
YouTube revenue disappoints on growing TikTok competition concerns and Ukraine war which impacted YouTube ads.
GOOGL 23% increase in revenue in Q1 to $68bn, but below forecasts for $68.1bn.
In 2021, revenues increased 34%.
Considering the above, future growth is not so sure.
I expect a retracement to the $2100 level.
Google broken through key support? Alphabet
Short Term - We look to Sell at 2458.30 (stop at 2544.79)
Preferred trade is to sell into rallies. Previous support level of 2500.00 broken. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile. We look to set shorts in the early trade.
Our profit targets will be 2173.56 and 2014.00
Resistance: 2500.00 / 2800.00 / 3000.00
Support: 2300.00 / 2000.00 / 1800.00
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.
$GOOGL: Google will break! After almost all the Big TEchs have been strongly corrected, there is only one left that has not been corrected. And that is Google!
I think a correction will follow in the coming days/weeks. The market situation remains bad and Google could use a correction.
In any case, I am preparing for a potential short if there is a retest after the breakout. Let's hope for the best.
Google (GOOGL) |The best area to climb🔥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.
The waves that we counted are the main waves 1 and 2 and the rest of the waves are related to the microwaves of the main wave 3.
From these microwaves, waves 1 and 2 are over and now we are inside wave 3.
Wave 3 itself forms wave 4 at a lower level.
This wave 4 can be counted as triangles and flats, and both patterns are probably in their last microwave.
It is expected that after one descent, correction and another descent, an upward movement corresponding to a 5 out of 3 out of 3 wave will be formed, and this movement will be confirmed after breaking the upper side of the channel.
But if this channel is broken, the counting will be fielded downwards and an upward movement will take place in another area.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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GOOGL ALPHABET | Potential Downtrend.If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Google (GOOGL) |The best area for correction♻️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.
The waves that we counted are the main waves 1 and 2 and the rest of the waves are related to the microwaves of the main wave 3.
From these microwaves, waves 1 and 2 are over and now we are inside wave 3.
Wave 3 itself forms Wave 4 at a lower level.
This wave has 4 triangular patterns, which is in its last wave, ie wave e, which has the ability to return from the same range and can even continue this downward movement up to Fibo 0.5.
To confirm further movement, it is necessary to break the current range (price 2660) downwards.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Alphabet: Lower Prices Incoming? Google - Short Term - We look to Sell at 2782.42 (stop at 2865.00)
We look to sell rallies. Previous support level of 2800.00 broken. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. Closed below the 20-day EMA. We look to set shorts in the early trade.
Our profit targets will be 2624.41 and 2500.00
Resistance: 2800.00 / 2900.00 / 3000.00
Support: 2700.00 / 2600.00 / 2500.00
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.
Google: Lower Prices Incoming? Alphabet - Short Term - We look to Sell at 2807.00 (stop at 2861.00)
We look to sell rallies. Previous support level of 2800.00 broken. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 2800.00, resulting in improved risk/reward.
Our profit targets will be 2630.00 and 2460.00
Resistance: 2800.00 / 2900.00 / 3000.00
Support: 2700.00 / 2600.00 / 2500.00
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.