Neutral GOOG | Earnings week ahead. Potential Bear Flag at playAlphabet, Inc. engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
It operates under the Google Services and Google Cloud segments.
The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
The Google Cloud segment offers Google Cloud Platform and Google Workspace.
Earnings week continues for Big tech. NFLX & TSLA dropped on earnings update, will the AI kings lead the market lower this week if they miss and don't mention AI?
Technically,the daily continues on a distribution, a break below HKEX:104 , favors a short towards HKEX:95 ;
Disclaimer: No position open. Not financial advise nor recommendation.
GOOGCL trade ideas
ALPHABET-GOOGLEThe price has already broken out from the trend line where 30ma and 50ma is about to cross over 200ma (Golden cross). Moving averages are all positive and shifting upwards showing bullish momentum. The price has contained inside the channel pattern which breaks out tends to wave c or wave 3.
Next target to $41.09 for Alphabet ?Here is my point of view about Google.
Based on my Elliott Wave, the bear trend could come back the next week (April,17) after the optimistic Bull run from March,13.
We reach the the Fibonacci Ret 0.382% and the ii circle degree seems to be done after a complex correction in ABCDE.
And about the Time the Ret and Projection both are pointing April, 6 and 10.
My concern now it's the indicator DT Oscillator who seem to be not ready for a reversal now.. so it's might be sideway to down the week of April,17 and wait 1 more week to be ready for a reversal during the week April,24.
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TradingX30
Y.F
GOOGL - CUP & HANDLE 4 LONG ?GOOGL - CUP & HANDLE 4 LONG ?
A popular stock + Cup & Handle pattern + Above the average line 150MA + CCI Upward trend + RSI Upward trend + Resistance line breakout + During the last month an upward trend.
Will the increase continue at least 10%?
Only an idea and not a recommendation for trading!
Google -> Ready For The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.
On the daily timeframe you can see that Google stock is retesting previous daily resistance at the FWB:108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: