GOOGL trade ideas
GOOGLE looking strong ! we identified a important area. Google needs to break the bearish sequence channel.
We have discovered several inflection points that create a very important zone, which is fully respected. When the price falls into this zone, it simply bounces because historically, these inflection points (green circles) have shown a liquidity and trend action.
If you can see on the 3rd circle, there is a high-volume candle that, upon rejecting the downtrend, creates a zone that could become a support zone if the price were to fall, and that’s exactly what happened in our 4th circle.
GOOGL is undoubtedly showing a lot of strength; however, this coming week, Google needs to show the same strength it has demonstrated over the last two days. In other words, we need enough volume for the price to break the sequential channel and see Google back above 168 or more.
We will see how it goes this week.
Thank you for supporting my analysis.
Best regards.
GOOG Stock: Bullish Momentum Building### GOOG Stock: Bullish Momentum Building
📈 **Alphabet Inc. (GOOG) - Continuing the Upward Trend**
Since early November 2022, GOOG has been on a solid upward trajectory, establishing a bullish channel that suggests further potential for growth.
🔍 **Key Observations:**
1. **RSI Channel Formation:** The Relative Strength Index (RSI) is currently at 44.79, indicating that there is still room for upward movement within the bullish channel without entering overbought territory.
2. **MACD Indicator:** The MACD shows signs of a potential reversal, which could indicate a shift in momentum. Traders should watch for confirmation of this change, which may signal a strengthening bullish trend.
3. **Moving Averages:** GOOG is on the verge of breaking a significant technical level above the 200-period Moving Average. A successful breakout could allow the stock to target the 20-period and 50-period Moving Averages, which could act as additional support levels in the near term.
4. **ADX Indicator:** The Average Directional Index (ADX) is currently at 37.53, indicating a strong trend and momentum. This level suggests that the bullish trend has the potential to continue, providing a favourable environment for upward price movement.
💡 **Conclusion:**
With the RSI indicating the potential for further gains, the MACD showing signs of reversal, and the ADX confirming strong momentum, GOOG appears well-positioned for continued upward movement. Traders should monitor the price action closely, especially around the key moving averages, to make informed trading decisions.
Multi-Confluenced Buy Area (GOOGL)GOOGLE’s weekly chart is STACKED with confluences. I’ll live with any loss after such a signal. For starters there’s a Jeanius Buy on the weekly. This is signal is being printed a key area with many confluence factors (listed below).
- Multi-Demand Area test that has been tested about 15 times.
- Break and Retest of a supply area
- Longterm uptrend that has been tested 4 times.
- A weekly fair value gap that has been 14.29% filled.
- Weekly break of structure and retest
- Long term and short term trend alignment
- Price has reclaimed the 50MA after previously closing below
- Weekly Larkuidity Sweep (sweeping 2 untested lows with a volume of 374.107M) … volume bar exceeded average
- Sitting within the golden zone of a weekly fib retracement
- Bounce from oversold area of RSI
- A weakness in sellers are displayed
GOOGLE.... Go Long!After the bullish BOS, sweeping all of the external liquidity, price returned to the breakout level to find support at the +FVG.
Also worth mentioning, price retraced to the OTE fib level of .705, as well.
The reaction is a good one, as last week's candle had a strong, bullish close.
The outlook is bullish. Longs only.
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GOOGLE: The 3rd major bullish wave begins.Google is just turning from bearish to neutral today on the 1D time-frame (RSI = 44.178, MACD = -4.950, ADX = 38.408), same situation also on its 1W outlook, as the stock recovers from the 1W MA50 breach last week. The green weekly close today is positive as it restored the price back inside the 2year Channel Up. A second straight green candle next week, will validate the start of Google's new 250day bullish wave, with the two before it rising by approximately +60% each.
If you are a long term investor, wait for next week's candle close and if green, buy (TP = 230.00).
See how our prior idea has worked out:
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Google in prime buy area Prime time buy area for alphabet.
Came back to test previous 2022 high.
Came back to .618 fib level (premium buy area)
200 DMA at 159.
Looks safe for a swing trade 149$ stop loss
A push above 200dma and close could mean a real reversal for Google.
GOOGL - Long and bullish, will eventually rebound to ATHsold off due to fears of break up, unlikely to happen and will rebound higher
$GOOGL - I don't think it is doneNASDAQ:GOOGL It's hard for me to believe that Google's price could recover from here. The weekly chart suggests that it might have to retest that trendline around the $125 to $120 area.
The broadening wedge breakdown is just getting started. The measured move for the full breakdown is to $120. 👀
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
Can AI Revolutionize Healthcare?The convergence of artificial intelligence (AI) and healthcare is ushering in a new era of medical innovation. As AI models continue to evolve, their potential to revolutionize patient care becomes increasingly evident. Google's Med-Gemini, a family of AI models specifically tailored for medical applications, represents a significant leap forward in this direction.
Google's Med-Gemini's advanced capabilities, including its ability to process complex medical data, reason effectively, and understand long-form text, have the potential to transform various aspects of healthcare. From generating radiology reports to analyzing pathology slides and predicting disease risk, Med-Gemini's applications are vast and far-reaching.
However, the integration of AI into healthcare raises important ethical considerations. As AI models become more sophisticated, it is crucial to address concerns related to bias, privacy, and the potential for job displacement. A balanced approach that emphasizes human-AI collaboration is essential to ensure that AI is used to augment rather than replace human expertise.
The future of healthcare is undoubtedly intertwined with the advancement of AI. By harnessing the power of AI, we can unlock new possibilities for improving patient outcomes, enhancing medical research, and revolutionizing the way we deliver healthcare. As we continue to explore the potential of AI in medicine, it is imperative to approach this journey with a sense of both excitement and responsibility.
GOOG IN NO MANS LANDGOOGLE is in a weird spot at the moment. It's recently broken out of its monthly wedge @ 150, hit ATH near 200, and is back at the key breakout level, 150. until 167 is broken, it is hardcore chop between 150-167.
MACD still hints selling can get much worse.. if bears keep the pressure, 135 and 126 are buy the dip zones.
Loading up here at 150 is a bit riskier, as the chart is still top heavy and looks ugly.. but a blue chip stock like google, the risk/reward might be worth it.
Alphabet Inc. (GOOGL) Shares Drop to Almost Six-Month LowAlphabet Inc. (GOOGL) Shares Drop to Almost Six-Month Low
Alphabet Inc. (GOOGL) shares closed below $150 yesterday, a level last seen in late March this year.
According to Barron’s, the stock is under pressure due to ongoing litigation with the US Department of Justice (DOJ), which:
→ claims Google holds a monopoly over software used for buying and selling digital ads, alleging the company uses its size to stifle competition.
→ argues that Google employed unlawful methods to block rival ad technologies, forcing advertisers and publishers to use its systems.
The DOJ suggests that Google should divest a product called Ad Manager.
Google, however, maintains that the digital advertising market is more competitive than ever, and the government's arguments don’t reflect the current state of affairs. The company asserts that its case involves website ads, while most of the advertising industry has shifted to apps, social media, and Smart TVs.
As the case proceeds, it may act as a bearish factor for Alphabet’s stock price. Technical analysis of GOOGL shares today shows:
→ Since May last year, long-term price movement has formed an upward linear regression channel (blue), with the current price dropping below the channel’s lower boundary and the RSI indicator entering the oversold zone for the second time this year.
→ Short-term price movement since late April 2024 forms a downward linear regression channel (red), with the median line acting as resistance (indicated by the red arrow) – a bearish signal.
Potential support levels for GOOGL shares include:
→ The psychological $150 level.
→ A bullish gap zone around $146.
→ The lower boundary of the red channel.
Given this, it’s reasonable to expect GOOGL’s stock price may recover in the coming days from these support levels, especially if there are signs the trial could conclude in Alphabet Inc.'s favour.
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Antitrust Threat Looms Over Google, Shares Could Plummet by 10%!Google's dominance might be ending. A U.S. judge has decided that the company's control over search is unfair competition. This could lead to Alphabet, Google's parent company, being split up and a major change in online advertising. A new era of search could be coming, as the internet's main player may soon lose its power.
Technical Analysis
The share price has surged by over 190% since hitting its lowest point during the Covid-19 crash.
Following a previous peak of $152, the stock experienced a significant drop and subsequently entered a prolonged phase of consolidation.
After approximately 2.5 years of this price stabilization, the stock finally broke through its prior resistance in April 2024.
This significant breakthrough resulted in an impressive surge, propelled the price to a new all-time high of $193.
However, the stock price faced considerable resistance at that level, resulted in a decline and eventually breaking down of its upward-trending parallel channel.
The stock is likely to experience a sharp decline of about 10%, finding support somewhere between $132 and $131.
$GOOG | Watchlist | Buy Limit |Technical Confluences:
- Price is at Oversold levels from 1H all the way till the Weekly timeframe
- Price just broke the 38% Fibo Retracement level (Orange)
- Price bounced off the 61% Fibo Extension (Blue)
- Price is also in a strong Interest zone; previously the highs of end-2021
- However, price has also broken through a Support trendline
Fundamental Confluences:
- No doubt, Google is a strong name in the tech and now, AI space
- Due to their dominance in many sectors, they are bound to face many kinds of regulatory scrutiny and lawsuits from anti-trust laws etc.
- Revenue streams moving forward may also be affected from the court's hearings
- Considering that Generative AI is picking up traction, will it impact Google's core internet search business activity? Google will definitely still be there just facing stiffer competition
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As market is consolidating and rotation out of the tech and AI strategy, I will also bide my time and not rush to get into holding this tech dominant force.
It will be wait and watch story and orders have been set to buy some within the $115 - $130 range.
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Looking for a bullish swing on GOOG soon.🔉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!
One Possible Path to The Inevitable DestinationWhatever path it takes, #Google will inevitably arrive at the preordained destination that all Communist ideas arrive at: the grave, the dustbin of history, the garbage, forgotten, despised, unloved, unremembered except as a cautionary tale of stupidity and arrogance.
Goodbye and good riddance. We won't miss you or any other communists.
GOOG - GOOGLE - BUY / LONG IDEA DON'T MISS IT!Dear traders,
We can see that the general trend is bullish and the pattern that is being drawn is clearly a bullish correction,
The share price has fallen around 21% from the previous high, generating potential buying opportunities in the price range ($140- $150).
In addition, we see that the RSI is showing quite oversold zone.
Let's wait for indicators to show divergences, to increases the probability of a potential reversal in the direction of the price. Nevertheless buying posititionwithin the range mentioned before, is a good option
best,
Google stock at key support zone: Buy the dip?Google's stock price is currently trading near a key support zone between 140 and 155, which may present a dip-buying opportunity for investors. The potential price targets are between 180 and 200, while the downside risk is around 139.53, the stock's closing price from last year.
Google chart shows some weaknessGoogle is having resistance in the 0.236 FIB level and is behind the top trend line signaling a more neutral bias. Maybe it needs to find liquidity in the 0.382 FIB level around 150$.
Parallel Channel+Fibonacci 0.61 levelHH-HL structure, parallel channel, Fibonacci 0.61 level confluence with good weekly support, waiting for retracement till 125...
GOOGL Short Idea - Top 5 Weekly Trade Ideas #3GOOGL has been very weak lately, despite strength among the rest of the mag 7. A lot of the mag 7 is at or near ATH right now, while GOOGL is ~$30 off ATH. It has a bear flag on the 15m, one fakeout above. It is near the bottom end now, it tried to break below, but quickly reclaimed.
I like this short because GOOGL has a big divergence from tech, it is clearly weaker. So because of that I expect a downside break, but there's obviously a chance it breaks to the upside, so ideally I'd wait for a break and retest or enter somewhere near the line for the best risk/reward.
ITS GOOGL'S TIME TO SHINEBeen waiting on a confirmation for GOOGL Longs. Will finally cover 170 short. Go Long on GOOGL all the way to 170.
