GOOGL SHORTGoogle is expecting to realize his earning report Tuesday of this week ahead after hours exactly. The company ended breaking a bearish trend line the last week which had started since July 2024. If Tuesday before market close the company end with a defined bullish candle or a hammer candle, it means a clear movement going up.
GOOGL trade ideas
Google / Waiting for the earnings reportGoogle refuses to break out of the 'stacked channel,' that channel where the candles are tightly packed side by side. It’s a bit frustrating that the price isn’t making any move or decision, but all we can do now is wait for the big earnings report day for the price to decide its direction.
Stay tuned on Tuesday, the 29th, after the market close!
Best Regards
Likely formation of H&S pattern in GoogleGoogle previously took support on its monthly support levels and started to move up and is now facing resistance at near 170 levels. Also, once crossed above 170, a likely head & shoulder pattern gets completed and then the upward journey for the stock begins.
What Alphabet’s Chart and Fundamentals Say Ahead of Earnings"Magnificent Seven" member Alphabet NASDAQ:GOOG NASDAQ:GOOGL is set to report the firm's third-quarter results next Tuesday (Oct. 29) after the bell. What does the company’s technical and fundamental analysis say about where shares could be going heading into earnings and beyond?
Let’s check it out:
Alphabet’s Fundamental Analysis
Consensus up and down Wall Street as I write this is for Alphabet to report $1.84 of GAAP earnings per share on $86.25 billion of revenue.
That would compare well to GOOGL’s year-ago EPS of $1.55, while also reflecting 12.5% in year-over-year sales growth -- more or less in line with Alphabet's annual revenue growth since mid-2023.
However, next week’s earnings could be a potentially tough release for the search-giant-gone-AI company, which also counts YouTube among its businesses and relies on advertising to produce revenue and cash flows.
This time around, Alphabet is facing a blizzard of concerns over its AI-related capital expenditures, as well as over the pertinent regulatory issues.
After all, GOOGL’s capital spending vaulted to $13.2 billion in the second quarter from $12 billion three months earlier.
Meanwhile, a court ruled in August that Alphabet's core Google unit constitutes a monopoly in general search services and text advertising. The U.S. Justice Department has even suggested breaking up the company into smaller businesses.
Such concerns might explain why GOOGL currently trades at a seemingly inexpensive 21 times or so of its estimated forward earnings. By contrast, forward price-to-earnings ratios for other Magnificent 7 stocks as I write are much higher, including:
-- Amazon NASDAQ:AMZN , 40x
-- Apple NASDAQ:AAPL , 35x
-- Microsoft NASDAQ:MSFT , 32x
-- Meta Platforms NASDAQ:META , 27x
In other words, investors have assigned a lower valuation to Alphabet than they have to many of its Mag-7 rivals.
Alphabet’s Technical Analysis
Now let’s look at Alphabet’s year-to-date chart:
This chart shows that GOOGL developed a so-called “rising wedge” pattern (the purple lines in the chart above) from late January into early July.
That’s historically a pattern of bearish reversal, and that’s exactly what happened to Alphabet. The stock peaked at $191.75 intraday on July 10, then pulled back beginning in mid-July and has yet to fully recover.
Now, that doesn’t mean nothing constructive has happened for Alphabet since July. Since GOOGL began its pullback, the stock also formed what’s known as an “inverted head and shoulders” pattern, denoted with the green lines above. That’s traditionally a bullish set-up.
But there’s one catch -- GOOGL is still working on taking the inverted-head-and-shoulders pattern’s pivot point, also known as the “neckline.” That’s right around $170, but Alphabet was only trading at $162.84 as of Thursday afternoon (Oct. 24).
And oddly, Alphabet has seemed to lose some pizzazz of late with investors. The stock has traded more or less sideways since Oct. 15, forcing GOOGL’s Relative Strength Index (the gray line in the chart above) towards neutral.
The sideways move has also smoothed out Alphabet's daily Moving Average Convergence Divergence (MACD), denoted by the gold and black lines and blue bars at the bottom of the chart.
So, while Alphabet’s chart is showing a seemingly bullish inverted-head-and-shoulders pattern as GOOGL moves towards earnings, the stock’s daily MACD looks less optimistic.
The MACD isn’t really bullish or bearish overall, but the histogram of GOOGL’s 9-Day Exponential Moving Average (the blue bars above) has edged into negative territory.
Meanwhile, GOOGL’s 12-Day EMA (the black line above) has slipped below the 26-Day EMA (the gold line), which is historically interpreted as a bearish set-up. This puts pause in the optimism that I first had in seeing GOOGL’s trading pattern.
Add it all up and Alphabet could certainly see a post-earnings breakout -- but if the firm doesn’t send the right signals in answer to investor concerns about capital expenditures and other fundamental issues, anything could happen.
(Disclosure: Moomoo Markets Commentator Stephen “Sarge” Guilfoyle was long Amazon and Microsoft as of the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
Alphabet Poised to Pencil in Inverted Head and Shoulders PatternUpcoming Earnings
Alphabet Inc. (ticker: GOOGL) is scheduled to report earnings before the market opens on 29 October. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending September 2024 is US$1.83. The reported EPS for the same quarter a year prior was US$1.55.
Inverted Head and Shoulders Pattern Eyed
The Ichimoku Cloud (formed between the Leading Span A and the Leading Span B ) has recently echoed a bullish vibe, with the Leading Span A journeying above the Leading Span B. Given this, and with price currently testing the Ichimoku Cloud as a resistance and struggling to drive things lower, a breakout higher may develop.
Assuming a breakout north comes to fruition, this may set up a potential inverted head and shoulders pattern. Chart pattern traders would want to observe the formation of the pattern’s right shoulder and a push above its neckline to confirm the configuration, extended from the high of US$168.64.
Price Direction?
The lack of selling within the Ichimoku Cloud, along with the Leading Span A crossing above the Leading Span B, could eventually prompt a breakout to the upside, taking on the upper Ichimoku Cloud and the inverted head and shoulders pattern’s neckline. A move higher, therefore, might trigger additional buying, in line with the overall uptrend in play since late 2022.
Why Google Is Gapping Up Soon - Part 4Sales and marketing and understanding this aspect of
the business world will give a super edge when
it comes to the financial markets.
You see nothing happens by chance.I finally get it.
You see business is about crowd madness.
You need to understand that the crowd
psychology is the key to buying and selling
stocks.
Such as the one you are looking at right now.
When i began studying about trading honestly
i had no idea about crowd psychology.
All i knew was that it was a very
an important aspect of stock trading.
But honestly, no one, and i really mean no one
is teaching crowd psychology with the
understanding of online business.
You see like i said in my last story where
i showed you about how i lost friends
surpport to start an online business.It was a
disappointing situation that really was a blessing
in disguise.
Sometimes it at your greatest weakness that you can
really understand the power of understanding marketing.
Even though i failed as an online entrepreneur,
that failure is the key that has helped me become
one of the best trading trend analysis experts.
Remember am a trend analysis expert thats my
strength but my edge is my marketing education
background.
Even though i failed to start a profitable online business
That failure gave me the edge to understand the crowd
psychology when it comes to finding the right stocks to trade.
Part of crowd psychology is this 3 step system:
1. The price has to be above the 50 EMA
2. The 50 EMA should cross above 200 EMA
3. The price of NASDAQ:GOOGL should be in an upward trend.
If you would like to learn more about
this trend analysis tool
called the rocket boost strategy
rocket boost this content.
When you rocket boost this
content you will learn more.
Disclaimer:Trading is risky you will lose
money wether you like it or not please
learn risk management and profit taking strategies
Why Google Is Still A Good Buy -Part 3In my last article, i told you about how i failed
to master online business via email
marketing and e-commerce
But something happened after failure. You see
one time I was at the library.
I went to the business books section.
Now finding this section took me being a
library member for about 2 years.
I have going to the library for about
2 years. Because of this, i know
the business section shelves
On the shelves, i found some interesting books.
This one book i found was about sales.
High performance, and high volume sales.
You see by then i remember hearing from
diiferent types of podcasts about how the
key to business, is to master sales and marketing.
It was at this point that I realised that a business
does not lean on marketing alone.
A business also leans on sales.
And not only sales. It leans on
High volume and high-performance sales.
After this realisation, i developed a strategy
that can secure my position
in the stock price movements
this strategy is used for trend analysis.
I call it the rocket booster strategy, and it has only 3 steps:
1. The price has to be above the 50 Day Moving Average.
2. The price of NASDAQ:GOOGL should be above the 200 Day Moving average.
3. The price should move up in an uptrend.
If you would like to learn more about
this trend analysis tool
called the rocket boost strategy
rocket boost this content.
When you rocket boost this
content you will learn more.
Disclaimer:Trading is risky you will lose
money wether you like it or not, please
learn risk management and profit taking strategies
Why Goog Stock Is The Next Buy - Part 2When am looking at the financial markets am looking
at it with the eyes of an email amrketing expert.
Around 2018 i took a marketing course and i am
still yet to make cashflow profit from that knowledge.
Why? Because the person who promised to
Support me on my digital marketing journey
suddenly without proper notice, decided to stop
supporting me.
Until this day i have no idea why this happened.
In order to balance the results i asked for
more help to start an e-commerce business.
And with this new business venture it
required more financial support and
my friend got fed up with
surpporting me because
I had not produced any
results from the business opportunities.
Clearly i had not developed a marketing strategy.
The rocket booster is a trading strategy with 3 steps:
1. The price of NASDAQ:GOOGL you are looking at should gap up above the 50 EMA
2. The price should ga up above the 200 EMA
3. The price should be in an uptrend.
---
If you would like to learn more about this trend analysis tool
called the rocket boost strategy rocket boost this content.
When you rocket boost this content you will learn more.
Disclaimer:Trading is risky you will lose money
whether you like it or not please learn risk management
and profit taking strategies
Why You Should Buy Google Stock Part 1Buying a stock price that is about to blow up.Is an
interesting thing to think about before
you go in and buy your way to a profit.
It takes time to understand the
stock market whether you like it or not.
So then why am i sharing this opportunity with you?
Because i remember at the time when i began
trading and trying to master technical analysis
my journey sucked!
It really did.
Listen i remember breaking up with my girlfriend,
and this painful situation forced me to study
technical analysis for 3 months no days off.
At one hour per day reading the same book,
by Matthew Kratter called Rocket Stocks.
Later on, i studied other technical analysis courses.
Look at this stock NASDAQ:GOOG
It follows the rocket booster strategy:
1. The price has to be above the 50 EMA
2. The price has to be above the 200 EMA
3. The price should gap up in a trend
--
If you would like to learn more about this trend analysis tool
called the rocket boost strategy rocket boost this content.
When you rocket boost this content you will learn more.
Disclaimer: Trading is risky you will lose
money whether you like it or not please learn risk
management and profit taking strategies
The Fall of Google: 40% Crash next ??5 days before earnings, a bold call... or is it.
On October 22nd, morningstar.com a leading provider of independent investment insights with 10.9 million subscribers said:
“With its 4-star rating, we believe Alphabet’s stock is undervalued compared with our long-term fair value estimate of $209 per share”
source: tinyurl.com
Meanwhile on October 23rd Without Worries with his 14k followers says.. a 40% correction to $100 is probable.
Why bearish?
Before the TA, there be some fundamentals to consider. I’m sure it cannot escaped your attention that Google has become a platform for your attention rather a provider of results. Advertisements plaster the screen to most search enquires.
Mr Who the Boss “Why Google search is falling apart” makes an excellent deep dive: tinyurl.com
The TA
On the 2 week chart above:
1) Price action and RSI support fails.
2) Regular bearish divergence, as measured over several months.
3) Uptrend channel breakdown with confirmation. This forecast projects price action to correct circa 40% to $96.
4) The 3 month chart (below). Can’t ignore this beautiful signal. This candle is named as the “hanging man”, it is an indication of exhausted buyers. This should not be surprising after 6 straight green quarterly candles. It is fairly obvious what should now occur, look left.
Is it possible price action continues to grow? Sure.
Is it probable? No.
Ww
3 month hanging man candle
Discover The #1 Reason For Google's Rising MarketAs i was browsing again in the breaking news
I noticed another article from Reuters
In this article, it talks about:
How car manufacturers are now looking
at AI assistant technology services.
Car manufacturers in the first-world
are looking to expand on more ai services in
partnership with NASDAQ:GOOGL
mobile app stores.
one of the most notable car manufacturers
Is Mercedes Benz
Now I want you to look at this type of news
and realise that this positive news
is a build-up
at this chart NASDAQ:GOOGL
You will see a small pink box with the letter "E"
That box is showing you the earnings report
that is due next week
This is a very important event for you
to take note of.
Its one of the most important catalyst
events. One of my mentors called Tim Sykes
Calls these types of plays Earnings Winners.
Please prepare your entry positions
before that date
Because when that date hits
the opportunity to buy low will go away
Also, look at the stochastic indicator of the
short-day moving average has crossed the
long day moving average
This is a sign of a turning point in this stock
NASDAQ:GOOG
To learn more check out the other articles
below
Remember to rocket boost this post in order
to learn more
Disclaimer: Trading is risky you will
lose money whether you like it or not
Please learn risk management and profit-taking
strategies.
The 3 Reasons GOOGLE Is Going Up Before The End Of OctoberGoogle is really taking over the technology stock
market
I was from browsing the breaking news tab
On trading view, and this is what I noticed
1-AI boom is still going on
2-Google NASDAQ:GOOGL is in competition with Microsoft
3-Google is in competition with open ai
Now I want you to look at the stochastic indicator
on this chart NASDAQ:GOOGL
So what I did here is that
I change the K% which is a short day moving average
then I extended the D% which is a long day moving average.
In the last article below I showed you how to
measure market sentiment in 2 days
In this article am showing you how to
analyse a turning point in
this NASDAQ:GOOGL stock price
Knowing the turning point is very important
because it gives
you another edge
when you trade in the financial markets
This edge gives you more confidence than you expect.
If you have not read the article
where I show you the 2-day sentiment check it out below..
Also remember to rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money
whether you like it or not
please learn risk management and profit-taking strategies.
The 2 Day Sentiment Of Google StockWhen you look at this chart
notice that I have changed the bull/bear power to
an average of 2 days?
This is to show you that the market sentiment
for the last 2 days on this stock has been very bearish
You see when it comes to trading you want
to have an edge on the market
You want to buy when everyone is thinking of selling
Then you want to sell when everyone is thinking
of buying
So the purpose of me changing the power is for you
To see the market sentiment of this
stock NASDAQ:GOOGL
You really have to understand that this
stock is going to gap up
Before the end of October
if it doesn't go well then at least you have gotten
a real-life lesson from this indicator.
Also on this chart, I am using the
Rocket booster strategy
If you want to learn more about the rocket booster
strategy
then check out the references below.
Remember to rocket boost this
content to learn more.
Disclaimer: Trading is risky please
learn risk management
and profit-taking strategies.
The #1 Reason Why You Have to Hold Your Position In Google What if i were to lose the support from my
family and friends?
Would that force me to stop writing financial market articles?
A week ago, this was something that kept racing in my mind
because I love trading so much
that even if I was not to participate in the markets
I would still be writing these articles.
Then start a home business such as
printing, or mobile money transfer to survive
For now am holding my position.
Its the same thing with this stock NASDAQ:GOOGL
You actually want to hold your position
you don't want to let go of it
Just because doubt creeps in...
Life is full of challenges my friend
because of that, you need to look past your
feelings
This is why I use the Rocket booster
strategy ,
Remember to hold your position.
To learn more about the rocket booster strategy
check out
the references below.
Remember to rocket boost
this content to learn more.
Trade safe.
Disclaimer:
Trading is risky you will lose money whether you like
it or not please learn risk management and profit-taking strategies.
#1 Reason Why Googl Stock Is Going To Gap Before OctoberIn this video session, i share with you
why this stock NASDAQ:GOOG
Is going to gap up before October.,,
-
Now you are probably thinking" How do you know that?"
Well toward the end of the video, I show you why
-
Because remember the last step of the rocket booster strategy?
-
The price has to gap up in a moving uptrend.
Watch this video to learn more.
-
Also on the 2nd of November, I will give you a price update on
the Top 13 Iron Watchlist so save that date.
-
Remember to rocket boost this content to learn more.
-
Disclaimer: Please do your own research before you
buy or sell anything trading is risky.
-
Also, learn risk management and profit-taking strategies.
Because you will lose money wether you like it or not.
A clear bullish inverse head and shoulders pattern on GOOG!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Google Still Bullish but nothing to see yet till Earnings ReportGoogle is clinging to this stagnant channel (yellow color), but the question is:
Could this be an accumulation before their earnings report?
We are one week away from Google's earnings report, and I have a feeling that the price will simply continue to trade within the same range until a few days before the report. Let's say on Friday or Monday, we may see a strong and sudden move. This is due to the "insiders," those privileged individuals within the company who hold positions and know what the price movement will be on the day of the report based on information they can access before the expected date.
We just need to keep in mind that we are still in a congested sideways channel, and this channel may expand as the days leading up to the report approach.
There's really not much to see with Google at the moment.
Best regards, and thank you for supporting my analysis.