Google Update: Drop IncomingI'm not going to spend much time on this because it is the same as most other charts. Look at my AAPL chart I posted today, and you can see the resemblances. We hit my target box, for OMH, & on negative divergence. I expect Google to drop just as I do for AAPL, META & MSFT. META for a different reason though, one which I will be posting next.
In short, I hope you're protected from the downside at a minimum.
Bonam Fortunam,
--Tyler
GOOGL trade ideas
$GOOGL - Breakout above long term EMA - UpdateJust updating this idea as previously laid out.
The set up laid out at the end of last month is working out just in line with the idea.
The price is currently trading in the vicinity of the 1st target.
As previously put forth, at this price range, the bears are likely to step in and, at least, pose an obstacle to the more recent bullish spell in this market.
One thing that long position holders / trend followers could do here to hedge against that risk would be to take half of the profits which this trade is currently yielding.
As usual, the future will tell if our idea holds until the price hits target 2, and the future, as I keep on stressing out every time I got the chance to :), is unpredictable.
Manage risk, manage risk, manage risk, manage risk ...
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
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MOX Q3C WXRX
GOOGLELast idea on 9sept 2022 the first bounce area was 91.40 (it went lower till 84)
What do i see now:
-Hidden bearish divergence
-2 Resistance trendlines (now around 121.61) and there's heavy resistance around 123.18
-On the Daily chart it's also in the oversold area (But this chart is the Weekly one)
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
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