googl LONG it hit few floor area and now its going back up to create new resistant
It nay drop to fib level than go up
GOOGL trade ideas
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.
GOOGL: downtrendOn GOOGL as you see on the chart we have the breakout with force the vwap so it's mean that we will have a big probability to have a downtrend.Thanks.
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 $60.
I would not be a buyer here, but I would be a buyer for PUT OPTIONS.
An Short Idea whose time has come. GOOGI am seeing a short on Alphabet. There is a confluence of factors.
We crossed BC line on the latest zigzag. The increased momentum at each peak is dubious as volume (CMF) indicator is showing multiple indicators. DeMark's is showing a setup alone and Bolingers are rejecting price at the midline.
It may be an incoming C Wave to a huge Flat or a X wave to a prolonged B, time will tell.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
#GOOG Breakout on a high volume and then consolidation - #GOOG Breakout on a high volume and then consolidation on lower volumes.
Loving this setup.
ALPHABET: Double Bottom Spotted ALPHABET: Double Bottom Spotted.
After a long downtrend market, a double bottom is spotted in daily time frame.
The downtrend Market structure has already been broken in last two trading sessions.
Investors are showing more interest in this stock.
This may result in a bullish rally of the stock.
Stock is expected to test the level of 122$ per share in upcoming trading sessions.
On down side price level of 82$ per share may hold the key support.
GOOGL - Bullish caseBullish senario is we broke-out a falling wedge and retested already..
A move above last week high could confirm this.
Flow has been bullish for this week (07/07) and nest week 14/07.
MACD & TTM squeeze looks ready for another run.
momentume has been buliding
GOOGL - bearish caseAlthough flow has been bullish on this name
i can't ignore this bearish senario
we could have retested and rejected the neckline ... possibility of breakdown and filling below gap is high.
some news about google and pivase e has been circliting and that could push it down.
I don't know.. PRICE ACTION is king so let's focus on that
#GOOGL As 113/110 Supports Target 137 NextIn this update we review the recent price action in. GOOGL and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
Short term bearish trend confirmed in $Googa. A decisive fight going on between bulls and bears. With formation of tri star doji formation on daily chart.
Bear Flag formed on weekly chart and extended.
In line to my expectation stock broke down. Retailers Haunted by FOMO entering at 120 levels preventing the sudden fall but could not prevent the correction of 9.77% over the period of last 4 weeks. Bearish short-term trend confirmed. Daily RSI below 50 and weekly RSI below 60 confirms the bearish trend. All rise in prices will be met with selling until 127 is breached.
Next buying opportunity can be opened up around 109-112 range.
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GOOG Ratio SpreadThis is a GOOG ratio spread idea that we are trading in our community.
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change dollar with googledollor next month will continue to drop again and here is an opportinity to change you currency with. google
Hey Google...Painfully obvious this is going to new highs...not really much else to say except bears suck lol.
Google buying opportunity lowerI have my eye on google. I am not looking to short it, It is simply on the watch list.
I have recently taken profits from higher volatility plays, and i would like to deploy the capital if we get to levels.
The macd is showing that momentum is building, it has nothing more to tell me on the 4 hour, daily, or weekly...
the obvious area of support is highlighted, and could make a beautiful inverse head and shoulders for a macro bottom that would be in place for years.
Will it happen? who knows. But ill be ready.
Trading should be made simple. #GOOGLYou don't need a super complicated trading strategy to make money. You need a sound risk/money management, realistic expectations and abuncance of patience.
When price is below 20/50/200, you just simply stay in cash. When price is above 20/50/200.. wait until it has form a base and/or made a decent pullback. Wait.
GOOGL setting up for a leg up?GOOGL recently bounced off the 50 EMA and the support at 117. If it holds over 120 it may be looking for a move back towards the 127 key level. The technicals are beginning to set up but no confirmation on the longer time frame candles other than a strong support at the 117 key level.
Short GOOGLWith the antitrust suite looming. National recession sentiment high. This is poised for a retracement. Low target 103.5
