GOOGL trade ideas
RSI Divergence/Rising WedgePrice was trying to form a cup but a bearish rising wedge has formed.
The bottom line has not been broken so this wedge is not valid.
Previous support levels can catch a rising wedge if the bottom line is broken.
But eventually it will be broken
No recommendation.
The party may end soon so grab your designated driver (o:
GOOGL with a strong upward breakthrough this weekGOOGL with a strong upward breakthrough this week
This chart shows the weekly candle chart of Google stock over the past year. The graph overlays the bottom to top golden section at the end of 2022. As shown in the figure, Google stock tested the bottom of the chart against the 2.618 position of the golden section three times in July and last week, with a strong upward breakthrough this week! The recent pressure level of Google stock is the 3.000 level at the bottom of the graph above the golden section, which is likely to suppress the market's rise! Google stock is likely to significantly retreat in the future, at least testing the 2.000 position of the golden section in the chart!
Google -> Trading The Major Swings...Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Google 💪
Just a couple of months ago Google stock perfectly retested a major monthly bullish trendline and in confluence with a retest of the 0.618 fibonacci level we already had a major rally of more than 50% towards the upside.
If you are looking at the weekly timeframe you can also see that Google stock just broke above and retested the strong psychological $125 level and everything is looking massively bullish.
Finally I am now just waiting for another retest of the daily $132 level and after some bullish rejection everything is pointing towards more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Rising WedgePrice is at the top line of a rising edge which is often resistance.
Rising Wedges are considered Bearish But are not valid until the bottom line is broken.
Rising wedges can get squeezed to the upside or the downside but as a rule, price will come back down to break the bottom line at some point in the future.
Both lines slope up and narrow at the apex. Rising Wedges represent too much supply within and are often caused by FOMO.
No recommendation.
There is also a possible RSI divergence.
Predicting Google Stock for longtermMy prediction for Google Stock in the long term (based on the weekly chart) is as follows: Google Stock is currently trading above the $125 support level. However, if it successfully breaks through the neckline, it may reach the $170 price level, resulting in a 40% gain. Conversely, if it fails to hold above the support level around $125, it could drop to the next support level at $101, resulting in a loss of 20% to 30%. I have identified the best entry point as whenever the price enters the white shaded corridor. It's important to note that this is not financial advice to buy, hold, or sell. This is merely my personal prediction for my own use, and I am sharing it with the community for educational purposes only.
Thank you
free $GOOG 17 days in the box.Google been accumulating in the box for 17 dayys, this is such a great 17 set up because just like NASDAQ:RIVN when its free, there will a decent extension. i am more bearish on this set up and and i hope we test the bottom of the box tomorrow, but anything can happen in the market so always play offense as well. 126 is my main target price if we get free.
GOOGL relative strength and key concepts. NASDAQ:GOOGL has been showing impressive relative strength on a weak tape.
Still just watching here. #nasdaq being oversold and ready for a dead cat bounce doesn't mean risk is low. We dont want the lower price, we want the best price
More on NASDAQ:GOOGL as it's a fascinating example of key concepts like relative strength, high volume up vs low volume down, pocket pivots, VCPs, bounce on support, shakeout of weak hands, early turn, etc. All pointed on chart.
#GOOGL next month Straddle/Trade planNew research brings to us the new significant Straddle with expiration day 15-Sep.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in com