Retest on a GOOG Inverse H&S Pattern! 🔉Sound on!🔉
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GOOG trade ideas
Will GOOGL Bounce or Break? Key Levels to Watch Tomorrow! Nov. 41. Trend and Price Action:
GOOGL has recently pulled back from a strong upward push, now forming a consolidation zone after a significant rise. This consolidation phase suggests indecision as the stock attempts to stabilize.
Price action shows support at the current levels, but the stock remains below its recent peak, indicating potential resistance overhead.
2. Support and Resistance Levels:
Immediate Resistance: Around $176.62, which aligns with previous highs and the EMA. Breaking above this level with volume could indicate a bullish continuation.
Major Resistance: Near $182.02 - $181.95, the recent high before the pullback. This is a strong area to watch if GOOGL attempts a rebound.
Immediate Support: Around $168.86, a level that has provided recent support during the current consolidation.
Additional Support: $164.00 and $161.01, which may act as strong support zones if the price continues to decline.
3. Volume Analysis:
Volume has decreased during the consolidation phase, indicating that the initial selling pressure may be subsiding. An increase in volume at either the support or resistance level could signal the next directional move.
4. MACD Indicator:
The MACD is showing a bearish signal, with the MACD line below the signal line. If momentum continues to weaken, GOOGL could test lower support levels. However, a crossover could indicate a potential reversal.
5. Price Action Setup:
Bullish Scenario: If GOOGL breaks above $176.62 with strong volume, it could retest the $181.95 - $182.02 area. A close above this would be a bullish signal.
Bearish Scenario: If the stock fails to hold the $168.86 support, a test of $164.00 or even $161.01 could be possible, strengthening the bearish outlook.
My Thoughts:
Current Bias: Neutral with a slight bearish lean unless GOOGL breaks above the immediate resistance.
Suggested Approach: Wait for confirmation of direction around the key support and resistance zones and consider setting stops to manage risk.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading stocks carries risk. Always conduct your own research or consult a financial advisor.
Possible positive move? GOOG (W)In the flux of emotions in this mercurial market. It seems that GOOGLE just made a inverse head and shoulders and also formed a long wick candle on the 21EMA and a few days ago it seems to be recovering off of the 38. 20 Fib level. SRSI and RSI levels are healthy and there may be a bullish cross over on the MACD. But we must be very cautious and look carefully before moving.
Weekly Market Wrap With Gary Thomson: 28 October - 1 NovemberWeekly Market Wrap With Gary Thomson: NASDAQ 100, US Dollar, GOOGLE, MSFT Shares Price
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- NASDAQ 100 CONSOLIDATES AHEAD OF MAJOR MARKET LEADER EARNINGS REPORT
- DOLLAR CONTINUES AGGRESSIVE RISE AHEAD OF U.S. ELECTIONS
- ALPHABET INC. (GOOGL) SHARES RISE TO $180 FOLLOWING EARNINGS REPORT
- MICROSOFT (MSFT) SHARES DECLINE DESPITE STRONG EARNINGS REPORT
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GOOGL Techical Analysis for Nov. 1, 2024Key Support and Resistance Levels
Immediate Resistance: 171.17 (current ask price). A break above this could indicate potential upside momentum.
Next Resistance: 182.02. This level may act as a significant barrier if GOOGL starts to rally.
Immediate Support: 163.94, where previous buying activity occurred. If the price retraces, it could find support here.
Major Support: 160.98–161.01, marking a stronger floor from prior price action. A break below this zone might signal further downside.
Price Action & Trend Analysis
Trend: The price has seen a downward pull after a recent rally, suggesting some profit-taking. However, the price currently appears to be consolidating near support zones.
Moving Averages: The 9 EMA and 21 EMA are trending downwards, showing that the recent short-term momentum has been bearish. Watch for any crossovers as a potential shift in momentum.
Trendline: There is a descending trendline from recent highs, which aligns with the current resistance. Breaking and closing above this trendline could indicate bullish momentum.
Entry and Exit Points
Entry (Long): If price sustains above 171.17 with strong volume, a possible entry could be considered with a target towards 182.02.
Exit: Consider taking profits at 182.02 if entering long. Alternatively, if the price loses support at 163.94, exit longs to avoid deeper downside.
Entry (Short): Below 163.94, consider shorting, with an initial target around 161.00 and potentially lower if selling pressure persists.
Additional Indicators
MACD: The MACD shows a slight bullish cross, which could suggest a near-term reversal in momentum if confirmed with price action.
Volume: Volume spikes are seen during sell-offs, indicating active participation in the recent downtrend. Watch for volume confirmation if the price attempts a breakout or breakdown.
Disclaimer
This analysis is for informational purposes only and should not be taken as financial advice. Please perform your own research or consult with a financial advisor before making any trading decisions. Market conditions can change rapidly, and this analysis may become outdated.
GOOG: Top Signal Below Critical Resistance Line!Key Observations:
Inverted Head and Shoulders Pattern: The chart recently completed an inverted head and shoulders pattern, which is a bullish reversal signal. This breakout above the neckline (around $170.41) confirms the bullish sentiment.
Gap Resistance: There is a notable gap resistance around $183.33. Gaps often act as strong resistance levels, and the price exploded after the last earnings report, just to close its previous gap (with an incredible technical precision, by the way).
Top Signal Below Gap Resistance: The recent price action has shown a possible "top signal" just below the gap resistance level at $183.33. This could indicate exhaustion in the current bullish momentum and a potential area where sellers may become more active. What's more, according to Bulkowski's studies, a pullback after the breakout of the neckline of an iH&S occurs 65% of the time (Encyclopedia of Chart Patern). If GOOG is about to makes a sharper coreection, the timing couldn't be better.
21-day EMA: The 21-day EMA (blue line) is trending upwards and has provided strong support throughout this uptrend. As long as the price stays above this moving average, the overall trend remains bullish.
Conclusion:
GOOG is materializing a mid-term pullback, as observed on the daily chartt, which is statistically plausible. The 21-day EMA, along with the neckline at $170 are our next technical support levels. For now, there is no technical evidence suggesting that GOOG will reject the idea of a correction.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Alphabet Inc. (Class C) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
GOOGLE Rockets! 15-Min Surge Hits All Targets – What's Fueling?ALPHABET (GOOGLE) Analysis:
Alphabet Inc. (GOOGL) experienced a powerful upward movement in the 15-minute timeframe, achieving all set profit targets with ease using the Risological Swing Trader.
The momentum from a strong earnings report has aligned with a positive risk sentiment across US equity indexes, sparking increased buying interest in tech giants like Alphabet.
Here’s a breakdown of the trade and supporting market context:
Entry : $164.75
Targets Achieved:
TP1: $167.07
TP2: $170.81
TP3: $174.56
TP4: $176.88
Stop Loss (SL): $162.87
Market Sentiment:
Recent quarterly earnings reports have fortified investor confidence, with broader equity indexes advancing. Alphabet's strong fundamentals and growth projections contributed to the bullish sentiment, encouraging traders to follow through on this aggressive buying trend.
With all targets hit in a single session, this upward momentum for Alphabet highlights robust institutional interest and solid fundamentals. Keep an eye on further tech earnings, which may continue to impact Alphabet's trajectory in the upcoming sessions.
A BIG WIN for GOOGLE Congrats 2 those who followed this analysis
A BIG WIN for GOOGLE and For You !
I knew that the "Stacked Channel" was the key and that Google would make a decision sooner or later. If we look closely, the price tried to rise several times. However, the key this channel gave us was from October 7th, with that bearish volume candle. Although it was coming down strongly, it didn’t manage to break my stacked channel. This is a very clear signal from the price, telling us: I'm still strong and still in the bullish game.
one more detail to conclude is that the price is signaling with wicks that there’s a lot of buying pressure, and it’s not yet for a bear market.
Google's only hope was the earnings report, and with an excellent report and very solid numbers, we won big on this analysis!
Congratulations if you followed this analysis and entered before the report. As I had mentioned several weeks ago, I’ve always been "Bullish" on Google, and it didn’t disappoint me, either technically or fundamentally. Google remains STRONG !
Thank you for supporting my channel & Congrats to you!
Best regards
Be careful with Google !!!Alphabet's (NASDAQ:GOOGL) third-quarter results exceeded analysts' estimates with increased ad revenue. Alphabet reported its third-quarter results on Tuesday, showing that the search giant's advertising revenue surpassed Wall Street estimates, alleviating concerns about competitive threats from AI search products. Alphabet Class A shares (NASDAQ:GOOGL) rose more than 6% in after-hours trading following the report. The company reported earnings of $2.12 per share on revenue of $88.27 billion, compared to expectations of $1.84 per share on revenue of $86.37 billion.
Advertising revenue in the third quarter increased from $59.65 billion in the same period last year to $65.85 billion, and YouTube advertising revenue increased from $8.95 billion to $8.92 billion. Google Cloud revenue increased from $8.41 billion in the same period last year to $11.35 billion.
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Alphabet Inc. (GOOGL) Shares Rise to $180Alphabet Inc. (GOOGL) Shares Rise to $180 Following Earnings Report
On September 10, we noted that GOOGL shares:
→ Were forming an ascending channel (highlighted in blue on the chart below, updated with the latest trading data);
→ Could begin to rebound from the psychological support level of $150 (indicated by an arrow).
Since then, the price did indeed turn upward from that level, fluctuating in October between a support level of $160 and a resistance level of $168, signaling a supply-demand equilibrium.
However, this balance now appears to be shifting, as Alphabet Inc. (GOOGL) released its Q3 earnings report post-market yesterday, surpassing expectations:
→ Earnings per share: actual = $2.12, expected = $1.84
→ Gross revenue: actual = $88.27 billion, expected = $86.39 billion.
Investors were likely encouraged by the company’s statement that its AI investments are "paying off." Consequently, Alphabet's shares rose to $180 in after-hours trading, suggesting a likely opening at this level in today's main session.
Today’s technical analysis for GOOGL suggests that trading will likely open with a bullish gap, as:
→ The price breaks above its range, crossing the $168 resistance;
→ It reaches the median of the long-term ascending channel, where a new buyer-seller consensus may form.
If this bullish sentiment persists, GOOGL's price may continue climbing toward its historical high near $190 this year.
According to a TipRanks survey:
→ 22 out of 28 analysts recommend buying GOOGL shares.
→ The average 12-month price target for GOOGL is $201.54.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
You should google it! $NASDAQ:GOOG NASDAQ:GOOG
Investors sometimes overlook that Google is one of the original FAANG stocks, underscoring its significant influence in tech and resilience over time.
Earnings Highlights:
• EPS: $2.12 vs. $1.84 expected
• Revenue: $88.27B vs. $86.31B expected
Ever wonder if a company holds a monopoly? Look no further than when its products become synonymous with everyday language, and it has the financial power to acquire nearly any competitor in its path.
Bullish End of Year?This chart shows the price development of Alphabet (Google). Since reaching its high in July, the stock has been in a downward correction. However, it now appears that this correction may be ending. The price has formed a higher low, which could serve as the right shoulder in an inverse Head & Shoulders pattern.
Additionally, the SMAs are bullishly aligned once again. If the price breaks above the 38.2% Fibonacci level, I anticipate a bullish move toward the end of the year.
Alphabet (Google) Cup and Handle Bullish Technical FormationIn the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases.
The cup part of the pattern should be fairly shallow, with a rounded or flat "bottom" (not a V-shaped one), and ideally reach to the same price at the upper end of both sides. The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts several months, while the handle should last for a shorter time.
A cup and handle formation is considered significant when it follows an increasing price trend, ideally one that is only a few months old. The older the increase trend, the less likely it is that the cup and handle will be an accurate indicator. The trade volume should decrease along with the price during the cup and should increase rapidly near the end of the handle when the price begins to rise.
The main technical graph for Alphabet Inc (Google) stock indicates on Cup and Handle Bullish Technical formation, since the price rose heavily over 2-years period of time (mid-2022 to mid-2024), and then 0.382x Fib retraced so far from its historical peaks.
This one can be entitled for so-called "cup and handle" respectively, with a further upside potential.
Google update Google.update I was also aware.of the pick before touching 160 n 154 again the analysis itself was showing support aswell n ready to go,what is good about my analysis? it shows clear trend n right time to enter n simple to follow aswell am looking forward to hit 180 as a first tp n wish everyone who took advantage of it more blessings to you n your family.
Google update Google.update I was also aware.of the pick before touching 160 n 154 again the analysis itself was showing support aswell n ready to go,what is good about my analysis? it shows clear trend n right time to enter n simple to follow aswell am looking forward to hit 180 as a first tp n wish everyone who took advantage of it more blessings to you n your family.