GOOGL / Google (Alphabet Inc) - Idea Ihey guys…
Yearly: Bullish Engulfing
-> 165 178 and 186 as well as 200 are important zones to watch.
Quarterly:
Very Bullish Candle
-> Expecting a bit of Profit taking here to give a chance to reload.
-> invalid above 186
-> Stochastic is OB
Monthly: Only a little bit of bullish gains compared to previous candles.
-> Stochastic is Overbought and showing signs of making a lower high.
-> Trend is bullish but we could see some profit taking soon.
186 line is a strong resistance, strong support at 173 - 178 , 165-170
3D Ascending triangle formation,
-> Stochastic OB since March
-> Neutral market until a break of the structure.
thanks for reading
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This is not an ideal entry point.Some people are looking for cup-and-handle patterns as daily charts. They are not wrong. But they often overlook the duration of the pattern. In short, less than three weeks is too short. These patterns often come back down easily even if they break out like today.
If anyone asks me if this is the ideal time to enter, I will say no.
But I'm not pessimistic about Google.
Google is a good stock, and I think the stock will eventually go up. At least while the market is bullish.
So if you're a long-term investor looking into the distant future, there's probably no problem. Regardless of when you entry.
But if you're an investor looking for higher returns over the medium term using the chart, you probably have a better option.
Bullish Base Breakout Google is setting up a nice base and looks ready to for its second attempt at a breakout.
Notice a few days ago it attempted to breakout of the same base we are buying at but it was rejected. You can wait for the price to break that high $182.25 instead of $180.25 if you want it to be an all time high breakout.
Buy to open at = $180.25
1st Profit Target = $189
Stop Loss = 174.25
GOOGL Short IdeaGOOGL was one of the top performing members of the Mag 7 today, so it may not be the best one to short, it's been strong all year really. However, I like this setup and I'm bearish on NQ for now. I'd expect GOOGL to fail here, especially if NQ remains below 20k. If we get a move back above 20k for NQ, I'd expect GOOGL to breakout and would look for longs on a retest.
Tesla's Robotaxi Event: Alphabet's Waymo Could Be the Real WinneTesla's upcoming Robotaxi event on Aug. 8 has the potential to spotlight Alphabet's Waymo division. While Tesla garners attention for its self-driving car ambitions, Alphabet's Waymo already operates autonomous taxis across the U.S. Analysts suggest that renewed interest in Waymo could significantly boost Alphabet's stock. The autonomous vehicle market is vast, with potential revenue in the billions. As both companies vie for a share, Wall Street sees self-driving cars as a trillion-dollar opportunity.
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021
#BTC has also more than doubled
#SOL has 4 or 5 X'd
This chart is combined price chart of
#Googl
#Appl
#MSFT
#Amzn
#NVDA
#NFLX
#META
U can see the two head and shoulder tops in 2021
and also the inverse head and shoulders in 2022
The clean break and run.
And also the Bull Pennant which has already bullishly triggered 3 weeks ago.
From these levels if that Bull pennant target is to be met (log scale)
It seems this basket has another 30% move left in it.
A beautiful setup is approaching for GOOGL!🔉Sound on!🔉
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I want to buy more, more and more of Google sharesI hope it would retrace to the 2nd support level at 143.19 so that I can accumulate more.
Approximately, had you invested in this company in 2004 , 20 years ago, you would have made more than 6000% returns, 10 years ago, more than 500%, 5 years ago, more than 200% and 1 year ago, it would be 105% returns.
Imagine if China is willing to open the market for Google to come in and some sort of collaboration on a win-win basis can be established, the market will be phenomenal for Google and also the users in China. Of course, there is the protectionism that each country wants to work with to protect its own market, national security issues, political reasons, etc.
Let's see how it goes ......
Googl absolute buy zoneGoogl is probably my largest future bet going forward. After the most recent earnings and a very thoughtful analysis, I find it to be the best value of the Mag 7, followed by Amazon. I go with A class shares since they offer voting power and are likely more popular. My plan for this stock is to buy 2026 Jan leaps likely around 150$, and sell covered calls against the position. If I am close to assignment I may roll, or allow the leaps to move. I do plan on exercising at least one of these in 2026 at the 150$ range since I believe this is an amazing company.
-165 UPCOM:ISH is an amazing deal, the company was valued at 164 using discounted cash flow model in Q1
-Low forward PE in an overheated market
-Extremely high cash flows
-Expanding cloud revenue
-Slept on in the Ai market, they control the data, therefore their Ai presence will be huge
-Large moat, people like to use google, youtube, and the cloud is expanding
$GOOGL still one leg higher? $200+?Judging off of sentiment, I think most people believe that Google will miss earnings.
Based off the chart, I think there's still one leg higher that likely starts on a reaction to earnings.
I think what's likely is we get a retest of support tomorrow and a low into earnings, and then we see a positive reaction after earnings that starts the next leg higher up to $200+.
Top targets are $214-234.
Let's see what happens.
Is it a good time to buy Google?It feels like the bottom for Google in the long term.
(1) The price is touching the long term trend line
(2) Fib retracement is at 0.618~0.65 range
(3) WaveTrend touched the bottom
But what if the trend line breaks?
Maybe $64 will stop it or maybe $50.
Always be ready for the worst case scenario.
Don't go all in nor use leverage because you never know the bottom.