Potential drop or break out :) Very simple setup.
Possible drop if they cannot close above this weekly level.
Rejection will confirm a down trend like it did back on the 23rd FEB.
GOGL trade ideas
Google -> Ready For The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.
On the daily timeframe you can see that Google stock is retesting previous daily resistance at the FWB:108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
$GOOG Watching 90.60$ area Clean Cypher in $GOOG, watch 90.60 area for pa to get long imo. Pin bar, Inside bar, Engulfing bar or low timeframe harmonic (tightest stop)
Tp 1 stop even, take some off, Aim 2,3,4 and higher is possible in time.
Stop below X :)
$GOOGL - Breakout above long term EMAThis badass had been downtrending throughout the past 12 months. Steadily respecting the 10 EMA (M) ... until it no longer did.
NASDAQ:GOOGL closed the month of March with a breakout above the 10 EMA (M). This breakout above an important threshold such as the 10 EMA can indicate that the momentum has shifted in the bull's favor ... which is not surprisingly supported by the structural change in the RSI (14) plot.
The not so pleasant news for the bulls is that there's not enough meat in this trade at the moment, since a logical target for such a trade, as highlighted in the chart, entails poor reward for the risk taken.
Should you nevertheless remain keen on taking a bullish trade here, perhaps you could consider taking profits partially on the highlighted target 1 and leave the trade open until it hits the stronger supply area highlighted above.
No matter what you do, remember to always manage risk with the utmost diligence and please regard it as the paramount priority.
Cheers,
Ruben / Tenacious Tribe - Back Tested Trading Strategies & Studies
Google looking good if gives confirmationIf google breakout, buy after retest or wait for some pattern for small stoploss.
GOOG - $104.55 Breakout, Market Finally Got Wind TPUs!0. Notes to follow;
1. We are adding to out position from $95 down to < $90 Range;
2. Research note about about TPUs vs GPUs.
3. This is the same setup as AMD vs INTC a couple years ago.
GOOG broke above the jan 2022 to date down trendGOOG just breeched jan 2022 to date down trend resistance, remain long add above previous highs...
GOOGL - Cup & Handle Pattern on 1 hrGOOGLE has formed a huge Cup and Handle Pattern on 1 hr. Even though Market is down today it is moving up and if there is a candle close above the trend line then Cup and Handle is confirmed. The Projected Price is coming from 127-130.
GOOGL could pop hereSetting up pretty nice for a short term pop. Been riding its 5MA this whole week while the overall market has been somewhat soft and right up against descending trendline.
Googl Fade any pop below 106..
Over 106 and we're heading back to 120
Either this is a double top
Or bullish ascending triangle
Wait for a break in resistance trendline or support trendline for conformation
GOOGL She's tryin, but looks like she's running out of steamAlphabet is trying to hold it's .382 rate of change. It's weakening RSI indicates a further retracement in rate of change.
GOOG: Buy ideaBuy idea on GOOG as you see on the chart after the breakout with force the vwap and the resistance.Thanks!
GOOG: Buy ideaOn GOOG as you see on the chart we have a buy idea because we have a spring effect on vwap.Thanks!
GOOGLE (GOOG) Trade UpdatesRecap on my position on Google, Apple and Facebook, the 3 bit techs I have in my portfolio.
Google spectacular entry and obviously also lucky. ($85.94)
There is still a long way to go, for a share that from the highs of February 22, at the time of my entry had lost about 45%.
I remain in position with a generous 20% profit, there is a lot of volume structure to recover, and it is not yet the time to bring home part of the profits.
As always, I give some indications purely for personal purposes:
Short-term target: $115
Medium-term target: $125
Long-term target (mine): Historical highs
So I find myself holding the stock indefinitely, I’ll take home something for $125 to cover operating costs but I don’t want to do anything else.
If the price retraces I have other entry levels that I mentioned in previous posts.
I also leave my update on Apple (up 23%) and Meta (+18%).
All in all, a good month.
Keep moving forward!
Happy trading
Lazy Bull
GOOGL: Buy ideaBuy idea on GOOGL as you see on the chart because we have the breakout with force the resistance.Thanks!
Google still workingA hammer pattern has appeared above the sideway trend zone at the daily level, which is a sign of bullish dominance. In my opinion, Google still looks bullish. If it rises today, it will confirm the support level at this position. If it falls back into the sideway trend zone, it will likely continue to trade sideways within the range.
$GOOG putLooks like a double top on the daily.
And the indicators are high.
Bought April 21 $103 put for $4.00
Break even is $99, I will likely close my position before expiration.
GOOGL: sell ideaSell idea on GOOGL as you see on the chart because we have the breakout with force the vwap and the support line.Thanks!
GOOGL: Buy ideaBuy idea on GOOGL as you see on the chart because we have the breakout of vwap.Thanks!
GOOG SHORTI see difficulty for GOOG to overcome this Supply headwind. Tight Stop Loss, as Bulls will be desparate to overcome the supply and push it up. Happy Trading! Love, AT74
