GOOGL trade ideas
GOOG , Alphabet , buy opportunity Uptrend
The last candle on weekly time shows it has a strong moving toward upside and i suppose 150 can be available although it will have a pause around 125.
Remember putting Sl is a key for protecting our money in this market.
Alphabet (GOOG) Trade UpdatesAlphabet (GOOG) Post Quarterly Analysis 1Q23
In a moment of market uncertainty, the company founded by Larry Page and Sergey Brin surprises expectations both in terms of profits and sales.
In the conference, Google gave great importance to artificial intelligence, announcing that their chatbot technology, currently in use only in the US and UK, will be launched in over 180 countries around the world.
The future is there, and it's very near.
After the immediate cut in the Gaming sector, with Stadia closed and customers reimbursed, and the consequent drop in shares, a favorable purchasing situation had arisen. (see my previous post).
I'm in with a PM of 85.94 .
Alphabet remains in the portfolio with a nice + PnL, what do you think?
Overbought with RSI on 70/W PatternVolume still strong.
It seems the new key word is "AI". It appears these are the stocks folks plan to stretch to the limit for now.
One day the talking heads may say there are too many companies in this space or something that will cause a pull back.
Human greed could also kick in at some level and profit will be taken.
Resistance overhead but momentum stays strong for now.
RSI 79.15 and some use a setting of 80 vs 70 for high momentum stocks.
Price is at the 1.414.
No recommendation/Targets below price are for if/when this stock falls.
W patterns are known to reverse at the end of the 4th leg.
GOOG - Breakout Falling Trend Channel- GOOG has broken through the ceiling of a falling trend channel in the medium long term.
- This indicates a slower falling rate initially, or the start of a more horizontal development.
- GOOG has support at 106 and resistance at 123.
- Positive volume balance strengthens the stock in the short term.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
Google Update: FINALLY!!!We finally hit the target box I made back on April 27th....let that sink in for a moment. We just hit a target I set OVER 2 WEEKS AGO!!!
MACD has started to drop after that high along with price. I think we consolidate here for just a little longer so we can have OMH on a lower MACD reading creating a Hidden Bearish Divergence. This will most likely be the big clue that price has topped and is about to reverse. That is not required though as this count could have been considered complete long ago.
All that being said I would be very careful if you are long here. Make sure you are using stops to protect your assets and hopefully, God willing, profits. That doesn't mean go out and start a short position. It means to BE CAREFUL . These are perilous and volatile times. Why risk hard earned capital on a stupid mistake??? I don't care how good you are, there will come a time when you are wrong. The real question is, are you prepared in your strategy for that? ???
Bonam Fortunam,
--Tyler
Google trending higher Google in on a strong up tend over the last 4 months from $85 low and now at $117 and looking to break the $120 range
GOOGLBig green day.
Hitting resistance at $117 area. Could push to $121 before pulling back but I believe it will retest the $110 area before exploding higher.
With that I sell at $117 with aspirations to capture in the $110 area for the next rally upwards.
This saves me $7 per share if it retraces compared to the $4 per share potential gain. I believe here the risk is more to the downside after this explosive 5% move in a day
Googl , back testLooking for a pullback to 108 area. It's not breaking over 117.
Strong resistance at .236 , normally when a stock is overbought its rare to see it push pass .236..
Pullback targets
113
110
108
Fib levels -
2009 low
All time high
Support and resistence analisys for GoogleSupport and resistence analisys for Google
Breaking symmetric triangle to the upside
GOOGL Call It!If you're still bearish about the markets I don't think there's no amount of charts I'm posting that will convince you. Unless some catastrophic world wide news magically appears I'm just not seeing it. Let's see if I can place a call option before this thing launches.
GOOGLE TRADEMy take profit on Google would be around 112.48 for now. If it is very bullish that it crosses that resistance, the next take profit would be around 123.
The suggested price targets are based on my indicators and patterns. Please be welcome to correct me, if my POV on it is wrong or misjudged.
Just for learning purpose, please trade wisely folks :) - Thanks
GOOG - Golden Cross in the horizon?GOOG hit into a long term support zone (83-85) on 3 Nov22 and began to form complex basing formation in the past 5 months (with some similarities to Wyckoff Accumulation Pattern).
It now appears to be getting close to embarking on a more sustainable uptrend in the near future, perhaps Earnings expected on 24th of this month could be the catalyst?
Signs favoring the beginning of a sustainable trend:
1. Stock is now above the 200 day MA that has begun to flatten out
2. recent pullback was shallow (38.2 % retraement of it's most recent AB swing)
3. which was also a retest of the 200 day MA and suggested this MA is likely now a near term support (100-102).
It is now on the verge of retesting the high of 108.80 (the original breakup of the 200 day MA that subsequently failed) and the odds are getting better that it could break above within the next few days or week.
Let's see if this works out!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Google-> BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I 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:
Googl flaggingBull flag setting up here.. looking for one more pullback before the breakout
Still aiming for that 111 gap close sometime next week
GOOGLE : Long on breakout
As shown in the graph, I have summarized the various reasons why a Long trade could be opened on Google.
With the use of my indicators (LuBot , Predictum , LuExcess , LuTrender) and through graphical analysis, I identify a good entry pattern for a short-term trade.
The conditions for a Long entry are already valid, but one could enter at the actual break of the trendline for further confirmation.
The profit exit could be placed on the next resistance level that we find in the 117.50 area and the loss exit below the last lows to avoid holding a losing trade for too long.
The conditions for a Long are all there, but as we know, nothing is certain in trading. The important thing is that what we do always has a sense and a motivation and that the conditions are favourable. If the trade goes into loss patience, there will be other opportunities.
The market doesn't run away and the most important thing is always to keep calm and patience.
Consolidating...WW pattern that will most likely reverse at the end of the 4th leg.
I left the 4th leg dashed as I am not sure it is complete.
Resistance overhead.
Strong green candle today. 2 shooting stars in the last several trading sessions, a green one and a red one, which can be a bearish signal since they are at a resistance level. Time will tell.
Price is above the 50% retracement.
No recommendation.
52 Week Range
83.45
123.26
Day Range
105.79
108.36
EPS (FWD)
5.29
PE (FWD)
20.06
Div Rate (TTM)
0
Yield (TTM)
0
Short Interest
0.42%
Market Cap
$1.34T
GOOG Cup and Handle FormationGOOG price is after a consolidation in price which lasted since beginning of November 2022 starting to look bullish. It is currently testing it's 200 moving average which is sitting at $103 per share price range. If the pattern is formed properly and bulls take over, we could see a potential rise in price to the $125-130 level.
Things to watch and consider:
1. My personal buy point for the GOOG stock would be retest of the 200MA, price levels between $102.5-$104. This buy will be 30% of the planned acquiring of the GOOG stock.
2. Second buy point would be above last known resistance sitting at $108.4 - $108.8 price range, which is also considered as top of the Cup and Handle Formation.
3. If this scenario is set to be false, my stop loss for this position will be just under the 200MA, sitting at price range between $102.5 and $100 per share.
4. If the scenario according to technical analysis seems to be working, my profit target would be in range of $125 to $127 per share, with possibility of moving my take profit level even higher if price is starting to move higher.
Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
OMH Looks NeededThe structure could technically be counted as complete. All the pre-requisites are there, however, there are a few reasons I believe OMH is still incoming.
1. Looking at the MACD you can see the trendline I have drawn. I expect it to hit that trend line before turning back down, and in order for that to happen, price will have to raise.
2. We have yet to hit the 1.0 of this ABC retrace!
3. If this were to be all of this retrace it would be a shallow ((B)) wave, and with posting almost $1Billion in un-expected revenue, I find that unlikely.
4. TIME. I have been going on a lot lately about time. Ultimately, structure is the top authority over time or any other tool, but time still matters an awful lot.
5. Consolidation. We have been consolidating around this are for a while now allowing people to take profits off the table and setting new ones up with more of a tolerance for the last push higher.
All this being said, we could start to drop at any time and head lower either for another A wave of a higher degree or start our Primary ((C)) wave drop lower. This is labeled in turquoise as my ALT count and suggests we have already topped and will start trending down shortly. Again, This is my ALT count as of this time.
A breach of $110.02 indicates we're headed to my target box for OMH. $101.09 is the first clue we are headed down. While a breach of $83.36 confirms we are dropping much lower.
Bonam Fortunam,
--Tyler
GOOG Target $125We can see a bullish break out from cup and handle pattern. Price should move up to 0.618 Fib level.
Target HKEX:125
Google stock analysisGoogle stock analysis
We expect, God willing, that it will continue to rise until it targets the number shown
