GOOG - Descending Channel Reversal / Target $120 / CHATGPT WRONG0. Google in a AI Hype BS Imposed Down-Channel 1. Volume is descending, and only increased when the bulls smashed to the top of the channel yesterday and handed the bears their asses; 2. When the CHATGPT HYPE Train comes to and end, and all the flunkies realize that you need lightning fast, up to the second accurate, multiple returns, with relevancy to have a bloody search which is ONLY GOOGLE 3. Microsoft have spend nothing on their Search Algorithms and ChatGPT only searches a 2 YEAR OLD LANGUAGE model to get a statistical analysis on the patterns of words in, and then to statistically get a response token by token, from the statistical engine. Generative AI Generative AI is nothing more than a massive statistical analysis database of token frequency, order, relationship and other stuff. Then you generate tokens coming out. This is simply a trained model producing tokens. It is not a "Search" The Data is 2 years old, and get older each day The LLM (Large Language Model) cannot be changed. Adding new data takes 1.5 YEARS for CHATGPT. That is right, if you wanted to update your address or phone number of your RESTAURANT, get on the list, it takes 2 years to show up in the data! and then it can't be changed for another 2 years This is madness GENERATIVE AI USE CASES 1. Basic Summary (Makes massive mistakes so be careful, only basic stuff works 2. Tutoring / Assisted Learning (also, makes mistakes, and is 2 years old, but can help) 3. Helping Assist in coding (makes MAJOR mistakes) - software APIs change sometime 2x per year, this thing has 2 or 3 year old code 4 . Cheating in school or on tests (If you have the RIGHT DATA!) CAN'T BE UPDATED, TAKES 2 YEARS TO TRAIN, SLOW AS SHIT 1. You can't update the model 2. 2 years+ to train and 1 Billion each time 3. slower than shit, especially and CANT SCALE CAN'T SCALE Notes and links here CAN'T DO REAL SEARCH Notes and links here MAKES STUFF UP Notes and links SLOW SLOW SLOW Notes and links hereLongby drchelsea1Updated 339
Google I actually bought calls on this today and was briefly up 20% before being stopped out for 9% loss. There are gaps left behind on Google which I highlighted with white lines. The purple 50 sma that's giving it a dead cat bounce. The reason I think it's a dead cat bounce is because of the weekly selling pressure which is indicating some more selling to come. Depending on market reaction to CPI we can either close gap at 93 and bounce or we continue to sell towards 88 gap close . The fact that's its not selling as much as the rest of tech is due to 15% drop already which led to being oversold on the hourly Also XLC sector looks bearish with NFLX and Meta correctingShortby ContraryTraderUpdated 1113
Googl Reversal This was a crazy start to the trading day. Price tested the lower trendline and rejected off after the CPI print. From there it sold off to the lower 92s and I have no idea why it stopped there. The gap at 93.5 filled completely. An inverse H&S formed and price reentered the triangle. Price moved above the upper trendline of the triangle. It appears as someone does not want this to go below the 94 dollar mark and will shake people out. I maintain that the 618 retracement will hold and a move to the 120ish range will ensue. The AI thing is a non-issue and the selling was all technical. Not financial advice. Longby Thnacks3
102-105 puts will printNeed to test 98-99 for support before continuing to 120s. Short it Feb 17 expiryShortby JerryMandersUpdated 224
GOOG approaching cluster support 🥶👀as long as 90-92 level holds a push to 109 is likely short term, above trend resistance then 120-135 should follow. but no confirmation of trend resistance break yet.. 🎯 boost and follow for more! thanks 💛Longby Vibranium_Capital2222
GOOG 13 FEB 2023The daily shows how it is still pointing down. Price is in a low area where you would expect to see buy orders. This is why you never want to just jump into a position. Price needs to move away from previous supply or demand areas (here being closer to demand areas). In general when price moves against you it is usually because you either bought into a supply zone (buying high) or sold into a demand zone (selling low). This is not how smart money operates (the composite operator for you Wyckoff people). Buy LOW, sell HIGH.... Right now yes, the price is low which is why its important to wait for price to move away from here before attempting a shirt sell. RSI is useful if you know how and when to use it. I use it as an additional point of reference and as a last "safety check" before making any decision to enter something. Here RSI is set to 7 (versus 14) and the overbought and oversold are 25 and 75. Think of the 75 level as "SUPPLY" and the the 25 level as "DEMAND." Forget that silly and misleading language of "Overbought" and "oversold.' This doesn't make sense. On any Oscialltor in trading, the top line should be looked at as a sell/supply line and the lower as a buy/demand line. If the RSI is obove the 75 level you should be looking for sellers. If it is below the 25 line you should be looking for buyers. How do you know if buyers or sellers there to begin with? Volume. Volume is an entire other conversation. Look at most of my old charts for a start if you want to learn how to use it. Shortby dee7181
GOOGLE PROJECTION 2023-2024 We see Google bullish until 140s after that area of exit. Next entry 50-40 long terms. by alexpv73117
$Googl to the dirt ? #googl $qqq Today, Google opened higher, testing the weekly low. On the 30-minute chart, a double top has formed and the break-out level is seen at $93.63. A $2.66 move downwards is expected. It will be interesting to observe in the coming weeks whether this pattern plays out or if the shareholders intervene to prevent it.Shortby ThanksNeo5
Buy ideaBuy idea as you see on the chart we have the breakout with force the vwap and the resistance line. Thanks! Longby PAZINI190
Watchlist 2023-02-10 #NET #SONO #GOOG #APP SPY extending losses yesterday as the 10-year yield reaches is highest level in months. Key resistance is 410, IMO we are unlikely to get there until we form some type of base. The sellers are in control at the movement so pops favor shorts. Key support is 404, then 402,40, then 400. NET - earnings beat and raises guidance slightly, showing relative strength in the PM. Room to 65.40 but may need show market help. Better to see it base first then join a trend. SONO - showed resilience in a collapsing market PD. Long is still valid if we can get over 20.90 for a flat top break. APP - late day fade after breaking the trendline. Looking for a potential gap fill to 14.50 but unlikely for it to get there in only one day, GOOG - potential capitulation trade after we flushed out stops until 93.88. For an A+ trade to form, SPY needs to find some type of base, otherwise, any longs are a scalp. Other watches, F I focus on names trading elevate RVOL>2, trading past key ranges and pivots, typically with news catalystsby UnclePennybagss0
Alphabet fakeout after fear of AI update target $90 W Formation formed on Alphabet which then had a major fakeout There was a test of the 200MA which Failed to break above and dropped. Target $90 With Google and Alphabet trying to combat with the new challenge of creating a better CHAT GPT, it seems like the first version has failed. There were many errors and false answers. They also called the Ex CEOS and management to try and create similar versions through BING and BARD. This caused fear with investors and lead to a $100 billion drop in market value. Overall I think Google will find a way to replace Chat GPT or integrate the technology eventually. These are short term blips before the upside. Right now we can remain bearish as the charts don't lie, but the price will need to drop below $90 in order to have a new analysis for downside. I'll keep you updated as always. Shortby Timonrosso3
GOOGLE CHARTGoogle weekly charts looks like going downward pattern around 85-88$ range and from that support level will change the trend to upward around 123$ -125$ range .once again its not finanicial advice but If u like the idea please give your like. thank you everyoneShortby Clickntry112
Pending long the 76 Seen a lot of chatter about GOOG recently. Whenever I see excessive chatter about something I always like to check and see if they're close to an important fib level. More often than not, by the time a move is popular to talk about it's rubbish to trade. Limits in to fade the GOOG drop if we hit the 76. Tight stops under the 86. Would not want to be a bull below there. Longby holeyprofit5
$GOOGL OverreactionThis situation is quite silly. The media is blowing it out of proportion and believes OpenAi is the second coming of Jesus. Google has 91% market share of Search, and Bing has about 2% share. Microsoft, part owner of OpenAi, plans to grow their search efforts and compete with Google search. The threat is that Bing may take a couple percent. In reality, people won't be switching their browsers where they have their passwords, addresses, bookmarks, email account, extensions, payments, and more saved over an implementation of ChatGPT, which they can just use separately from search. Remember, people hate change, especially when it ruins convenience. ChatGPT is cool, and I've been playing with it since December, it has plenty of it's own problems. No one has invested more in Ai then Google. As far as the trade goes. Any buys at this level are a good entry. $85-$90 even better. Longby bishopknightUpdated 339
Google Mothership is bullish?⚡ Weekly breakout of the decending trendline ahead bullish seasonality supported by the 200's SMA the price has made already the higher low - just needs to get to an higher high Longby p4917Updated 2
GOOG - Google Opening NEW POSITION $94.65 TARGET $120 0. Notes to follow; 1. Google down 15 percent in two days. 2. More notes coming...Longby drchelsea16610
Google - Bearish SentimentPrice broke structure at 100.29 to create equal highs at 107.84. Then price gave us a BEARISH GAP to take out ORDERS at 102.09. The BEARISH GAP that was created must be filled before price can drop significantly. I expect price to fill the BEARISH GAP and take out the EQUAL HIGHS at 107.84. The 113 price point is where price will go. From there a major dip will happen. This will take out the ENGINEERED LIQUIDITY ($). I am EXTREMELY BEARISH on Google!!! --------------------------------------------------------------------------------------------------------------- Price action is KING!!Shortby SMCSmartSniper10
GOOGL - Its Cybertruck MomentGoogle took quite a dive today after an AI demo that was perceived to be not so impressive by the markets. An ad on their twitter account displayed their new Bard AI giving an incorrect answer to a query, an embarrassing moment for the new tech (Very Elon Musk/Cybertruck glass esc). Google's new focus on AI is going to be massive for the company in the long run. The markets are wary of futuristic visions at the moment with a tightening Fed, and scarred by Meta's metaverse obsession that killed profitability. However, when it comes to AI, Google has a massive advantage. Its competitors, like Microsoft, know this, and have been investing Billions into AI startups. Google's 90+% market share of the web search industry provides a massive database of information for the company to use to educate its AI bots. Google processes 8.5 Billion searches a day, and will no doubt if not already find a way to purpose this massive amount of raw input data into an AI algorithm. To put it briefly: AI bots are (at least now) trained on databases. Most bots are using the internet as their database, using articles, books, and other texts to replicate human writing. Google has a real time stream of billions of user generated queries, daily. Knowledge is power in the machine learning world, and when it comes to data, Google is king.Longby Connor-Foran1
Short GOOGLEGood short prevision on GOOGLE , we will be looking for the support after being rejected on a high level of resistant.Shortby mehdifoulal60
GOOG: Bottom Completion FailureGOOG shows a failure to complete a bottom. The stock moved up and above the resistance level that needs to sustain to complete its bottom, but it failed to sustain the gains. This stock was part of the last New Tech Virtual Course I did, since it is developing several new technologies for its own use and to sell to other companies. AI is the big competition area right now, so GOOG may see added volatility this year as the market reacts to AI feature releases, as it did today. But the support range at the lows of this bottom formation is strong due to a Dark Pool Buy Zone that has been consistent. by MarthaStokesCMT-TechniTrader6
Hey Google...So this correction is most likely over and the bottom is in...Assuming that 5 waves down can either be A or C - the clear takeaway here that it's a 5 wave impulse terminated is that the extension on our wave 3 leg validates the C wave bust (past 1.618 of A-B confirming extension and count is 5 wave impulsive), We can also see momentum divergence on our 5th leg supporting the bottom case - With this info it's highly likely anyone shorting is going to get smacked and new highs are probably coming. 2-4 trend line bust will further add confirmation that 5 waves have completed and cements the bottom case even more.Longby Swoop6118
Market Inefficiencies and OverreactionThough Google AI model gave an wrong answer, I believe that the market over-reacted to this isolated case with ChatGPT having many problems of its own as well. Good opportunity to long for traders and scoop up for investors.Longby LouisTeo994