GOOG trade ideas
GooglWeekly right shoulder is setting up for a very large move higher.
Fib levels are from 2020 low and ATH.. As you can see 127 is very tough. I'd only go long with a close over 128.
A couple of patterns are playing out here.
The bigger picture is the Inverted H&S
The second pattern is the bullflag on the weekly. Flag took 6 weeks to form
My targets are the gaps 133 then 140. So if you're a swing trader , you would go long over 128 and take profit at 133 gap close.. le5 things cool down then go back long for 140.
Long over 128.. 126.00 stop loss
GOOG - Rising Trend Channel [MID -TERM]🔹Breakout rising trend channel.
🔹Breakout resistance at 123, signals further rise.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
GOOGLE - BULLISH SCENARIOAlphabet Inc is situated in the lower range of a robust and upward short-term trend, suggesting a potentially favorable buying opportunity. It is worth noting that if the lower trend floor at $117.50 is breached, it could indicate a slower pace of growth and potentially serve as an early warning for a shift in the trend. Based on the present short-term trend, the stock is projected to experience a 16.42% increase over the next three months. With a 90% probability, it is anticipated that the price will range between $136.79 and $157.66 at the conclusion of this three-month period.
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GOOG - Bullish PushHowdy Traders!
I would like to inform you guys on another bullish trade for this and next week. NASDAQ:GOOG has been creating a strong parallel wedge, and it was just today where it broke-out of it. Although this may be a late post, the price target for NASDAQ:GOOG is sitting at $128.35. However, the take profit zone would probably be around $128, just to be sure.
Bona Fortuna!
GOOGLE Approaching the bottom of the 6 month Channel Up.Google is under the 1day MA50 and is gradually turning into a buy opportunity.
The ideal level is as close to the bottom of the 6 month Channel Up as possible, with the RSI near the oversold 30.00 limit.
Buy after the MACD forms a Buy Cross, which was the confirmed signal in the previous two bottoms.
Target Resistance A at 129.50.
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Trading Google to $135.Summary of the classic technical indicators on its daily chart: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Alphabet is trading above both its 20 and 50 period moving average (respectively at 123.76 and 123.63).
According Zacks Investment ...
Alphabet's strong cloud division is aiding substantial revenue growth. Moreover, expanding data centers will continue to bolster its presence in the cloud space. For 2023, we expect Google Cloud revenue to grow 11.9% from 2022.
Major updates in its search segment are enhancing the search results. Also, strong focus on innovation of AI techniques and the home automation space should aid business growth in the long term.
Its deepening focus on wearables category remains a tailwind. Also, Alphabet’s expanding presence in the autonomous driving space is contributing well. Its growing efforts to gain foothold in the healthcare industry are other positives.
Sluggishness in the company’s advertisement business remains a major headwind. Also, its growing litigation issues and increasing expenses are concerns.
$GOOG Long!Looking to long NASDAQ:GOOG
Will need to watch this but we have a strong show of a major weakness now at 117.56. It will likely be tested very shortly as indicators are showing red, red and red!
As we move upwards, GOOG will likely retest 113 region to check for support, in this bid, my long will likely be placed at 113.53. Not to mention, by pulling over a Fib, it sits nicely at 0.618 level. Giving us a key shot.
From 113 I expect a gradual upswing into 130 region revisiting 131 support. (Noting key areas to drop off profits at)
In the past few trades, I have expressed dissatisfaction with missing trades due to entries not being hit. In my bid to become a stronger trader, I've reflected that this mindset is 100% incorrect. As I have checked over for possible entries, at the time of each Idea, I had taken the limit entry I had felt best and, since I have not lost money on these entries, these are not issues that should totally derail the system. Nonetheless, theres always more to learn and, I am always open to listening or hearing opinions on entries from anyone!
Wishing everyone the best!
$GOOG Short!Happy 4th to all you Americans! Hoping this short will work out, technicals are looking good. I have a NASDAQ:GOOG short coming in, here are the entries and exits for my positions followed by my rationale.
Entry: 128.61
TP1: 124
TP2: 120.05
TP3: 116.5
TP4: 113.37
Rationale:
1) Volume slowing: On the Weekly TF, the volume has significantly slowed down showing a lack of buyer conviction
2) Momentum is... good? Momentum for now is about 54 showing a sign for Buys yet, when cross compared to other indicators and liquidities, it paints a far different story.
3) Divergence: On D TF there is clear bearish divergence.
4) Wyckoff Distribution: Thus far, I am identifying the recent low as a ST MSOW, major show of weakness. A strong lack of conviction to move into higher regions. I expect a small bounce as last point of resistance but a short in inevitable.
Strong feeling about this call! Technicals look right to me, lets print boys.
Google targeting $60- GOOG has hit our prime .618 level for a W2/B wave to now start our decline into the C wave or possibly a W3, both of which are destruction to one's portfolio. If you have no exited your postion in GOOG I would do so soon because when you think its going to bounce back off any support.. it won't and you will regret not selling out at $119 when it is sitting at $60.
I would not be a buyer here, but I would be a buyer for PUT OPTIONS.