Rising WedgePrice is at the top line of a rising edge which is often resistance.
Rising Wedges are considered Bearish But are not valid until the bottom line is broken.
Rising wedges can get squeezed to the upside or the downside but as a rule, price will come back down to break the bottom line at some point in the future.
Both lines slope up and narrow at the apex. Rising Wedges represent too much supply within and are often caused by FOMO.
No recommendation.
There is also a possible RSI divergence.
GOGLC trade ideas
Predicting Google Stock for longtermMy prediction for Google Stock in the long term (based on the weekly chart) is as follows: Google Stock is currently trading above the $125 support level. However, if it successfully breaks through the neckline, it may reach the $170 price level, resulting in a 40% gain. Conversely, if it fails to hold above the support level around $125, it could drop to the next support level at $101, resulting in a loss of 20% to 30%. I have identified the best entry point as whenever the price enters the white shaded corridor. It's important to note that this is not financial advice to buy, hold, or sell. This is merely my personal prediction for my own use, and I am sharing it with the community for educational purposes only.
Thank you
free $GOOG 17 days in the box.Google been accumulating in the box for 17 dayys, this is such a great 17 set up because just like NASDAQ:RIVN when its free, there will a decent extension. i am more bearish on this set up and and i hope we test the bottom of the box tomorrow, but anything can happen in the market so always play offense as well. 126 is my main target price if we get free.
GOOGL relative strength and key concepts. NASDAQ:GOOGL has been showing impressive relative strength on a weak tape.
Still just watching here. #nasdaq being oversold and ready for a dead cat bounce doesn't mean risk is low. We dont want the lower price, we want the best price
More on NASDAQ:GOOGL as it's a fascinating example of key concepts like relative strength, high volume up vs low volume down, pocket pivots, VCPs, bounce on support, shakeout of weak hands, early turn, etc. All pointed on chart.
#GOOGL next month Straddle/Trade planNew research brings to us the new significant Straddle with expiration day 15-Sep.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in com
Alphabet's Stellar Performance Steals the Spotlight...Investor Enthusiasm Ignites as Alphabet's Stellar Performance Steals the Spotlight
Alphabet, the technological powerhouse, has ignited a blaze of excitement among investors with its latest financial report, revealing a striking showcase of accomplishments. With an impressive revenue tally of $74.6 billion and a robust $1.44 in diluted earnings per share, Alphabet has confidently outpaced Wall Street's predictions, sending its stock soaring in the aftermath of this announcement.
This surge in positive momentum isn't an isolated event but rather a continuation of a larger trend. Throughout the initial seven months of 2023, Alphabet's shares have outshone the Nasdaq Composite Index by an astonishing 50%, positioning the company as a beacon of success in the tech arena.
Amidst these resounding triumphs and bolstered by its trillion-dollar valuation, the pertinent query arises: Is this an opportune juncture to delve into an investment with this tech titan?
In the early reaches of 2022, as the Federal Reserve embarked on an assertive campaign of interest rate hikes to combat the burgeoning inflation threat, economists sounded the alarm for an impending recession. This climate of economic uncertainty prompted cautious corporate strategies, leading to curtailed marketing expenditures. The prevailing concern was that dwindling consumer demand might prompt individuals to prioritize essential essentials over discretionary splurges, rendering amplified advertising endeavors seemingly redundant.
In alignment with these cautious corporate maneuvers, Alphabet faced a dip in advertising revenue during the fourth quarter of 2022, with a slight residual dip spilling into the first quarter. However, the most recent quarter's records unveiled a promising uptick of 3% year-over-year in digital ad revenue. This resurgence paints a picture of Alphabet's prime driver – advertising – gaining momentum and veering towards a path of more normalized growth trajectories.
As economic pundits recalibrate their forecasts, lessening the odds of a 2023 recession, the burgeoning trend of escalating ad expenditures could potentially sustain its course across forthcoming quarters. Bearing in mind that ad revenue contributes a substantial 78% to Alphabet's overall company-wide earnings in Q2, this favorable development could undoubtedly bode well for the conglomerate's financial performance.
While Alphabet's advertising revenue strides modestly within single-digit percentages, a radiant star on its horizon is the Google Cloud Platform (GCP). This segment, responsible for a gamut of cloud services spanning computation, data storage, and AI tools, achieved a resplendent $8 billion in sales during the latest quarter – a robust surge of 28% in contrast to Q2 2022. This progression maintains a consistent rhythm from the preceding quarter.
A noteworthy watershed for stakeholders emerges in the form of GCP's burgeoning financial prowess. For the first time in its history, this segment garnered positive operating income within the initial quarter of the current year. Furthermore, the operating margin extended its boundaries to 5% during this latest three-month phase. Should GCP persevere along this trajectory and ultimately reach the commendable 28% operating margin precedent set by Amazon Web Services in 2022, Alphabet's holistic profitability stands poised for substantial amplification across forthcoming years.
With global cloud market forecasts predicting a staggering $2.4 trillion opportunity by 2030, GCP stands at a vantage point to steadfastly wield its leadership in this burgeoning industry. Presently positioned third in market ranking according to Statista, GCP finds itself ideally positioned to continually invest in fortifying its service portfolio for both present and future clientele, armed with a wealth of financial resources and access to top-tier technological talent at Alphabet's disposal.
Despite a meteoric ascent in the annals of 2023, Alphabet's stock remains alluringly valued. Currently, shares are traded at a trailing price-to-earnings (P/E) ratio of 28, situated beneath the 10-year average P/E multiple of 30.6. Amplifying this appeal, with a projected increase in net income, the forward P/E ratio emerges even more enticing at 23.9. These valuation metrics inherently furnish compelling rationales for contemplative investment in this reigning corporate giant.
Augmenting its charm, Alphabet showcases a robust financial stance as of June 30, boasting an impressive $118 billion in a confluence of cash, cash equivalents, and marketable securities, all resting snugly within its balance sheet. Moreover, its long-term debt strikes a modest chord at $14 billion. The company's consistent generation of substantial free cash flow further solidifies its stance as a stalwart stock suitable for the discerning investor to embrace and maintain in their portfolio.
Amidst a landscape characterized by its tantalizing valuation, robust financial posture, and an unwavering stream of cash flow, Alphabet emerges as an enticing prospect for those seeking a stable and propitious addition to their investment repertoire.
Alphabet long Erning weeks 52 Weeks High hitNew 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years.
Trend setup
Weekly bullish 52w high hit
Daily Bullish
4H Bllish
I have explained 2 scenarios to enter the bullish trend
also on lower tf compatble
A break below88 is bearish, and the end of bllish trend.
A break above 220 will catapult the up trend much more stronger.
In this case we can decie to take partial profits
or
we we ride the trend.
My decision:I ride the trend,if this happens. Why should I give more possible profits, and limit them?
Instead I focus on limiting the risk,but upside unlimited chances.
What about google stock?The stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-wave decline, thus completing a triple decline, and then preparing for the rise of a new impulse and making a larger historical peak.
Note.. The scenario fails if the price closes above the $152 area