GOOGL trade ideas
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price!
If you're in for the long term with Google:
This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy.
My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price.
Now, let's move on to the technical analysis of Google:
Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area.
In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend.
Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase.
Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168.
Let’s see what Google has in store for us this week...
Thank you very much for supporting my analysis!
GOOG - 1W - Start of Bullish MomentumAlthough Alphabet (GOOG) has underperformed the S&P 500 this year, momentum may be shifting.
The stock recently broke out from a substantial rounding bottom and has now formed a falling wedge near its 50-week EMA support.
Additionally, it has bounced precisely off support around the $150 level. With hidden bullish divergence emerging, the technical indicators suggest that a move higher could be imminent.
Goog at the 200 MA on the daily w/.618 retracement Goog is at the 200 MA on the daily w/.618 retracement.
Market cycles says the best time to take long term positions is September so let's goooooooo
Target is 175
Seasonality and Earnings in 30 Days or Less.Depending on earnings being rescheduled or changed from its estimated date. The movement from July 1st till earnings in late July should be watched closely.
My three scenario's are the following I drew but in my opinion we need to see a healthy draw down to my zone in pink for a rally. Worst case scenario is a blow off top this summer, if you want a long term bull run, its time for big cap tech to chill out for a little lol.
Weekly Chart Analysis of Google - 22/09/2024Google gives a strong bullish signal on the weekly chart. I believe the pullback in the uptrend has ended, and prices will continue to skyrocket.
We are seeing a strong area of confluence. Prices have touched the Fibonacci 0.618 golden ratio, which aligns with the 50 EMA and SMA. Additionally, there is a strong demand level and the bullish momentum is confirmed by a candle close. This is an excellent time to ride the wave.
GOOGL LONGGOOGL - Fed reducing rates, money flowing out of FIA into equities, should see a boost from this breakout to areas above.
Long GoogleA long signal was given by my indicator combination on Sept. 11th. Additionally, you can see the potential inverse h&s pattern supporting the signal. The pink ascending tl is also still holding for support. Target would be around $220 or once my signal flashes red whichever comes first.
Bulls FlagsThe has found support at the SR Flip zone. It's currently trading inside a bullish flag, a breakout of the flag will be enough confirmation for us to buy.
Google Long trade ideaIm planning to long the Google
Entry: 139.01 Stop Loss: 128.98 Take Profit: 158.89
Main Focus List Review 9-17-24Going over our Main Focus list looking for clues as to what the market is telling us and how we can position going forward. we're not going to predict we are going to wait patiently and react. NO A+ Setup NO TRADE. FOMC tomorrow. We've rolled to DEC contracts Futures
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.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
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.
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.
