GooglPrice formation is starting to come together.
Ascending triangle forming which is bullish.
Google has basically consolidated the entire week while other tech names moved higher.
Long over 126.50
Stop loss 125.00
Target 1 -130
Target 2 - 133 gap close
Macd has turned bearish so I'd definitely wait for a leg above 126.50 before a long.
You see the 21ema on the 4hour chart? Only short below that, otherwise they will push this higher..
Possible breakout by Tuesday
1GOOGL trade ideas
GOOGL, 10d+/-22.13%falling cycle -22.13% more than 10 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
longs should be cautious here 💯 Feb 14th I pointed out the clear support and had bullish bias, congrats to longs that added the dip.
Today I am pointing out the trend resistance from 2022, rejection here and break of 119.7 leads to big dip and potential dip entry for longs ✅
Bearish short term bullish long term on GOOG, break of 127 soon and we may not see a short trigger break.. boost and follow for more! thanks 💛
Going To Test Resistance Google is on track to test resistance at 126.00 a share based on candle stick analysis and triple confirm indicator. Triple confirm is not reliable on its own but works great in conjunction with other indicators. MACD is barely just starting to show a slow down in decline and tomorrow could be a start of a reversal.
Google - nice short setup is cookingI count GOOGL as start of wave circle C of iv where wave (1) is done and a pb in wave (2) is in action. Wave (2) is shortable from the 100 zone. A=C rule gives us a target of 60 for the whole wave iv correction. Would be a great long opportunity sometime in 2024-25. Longer-term count will be posted separately.
Google Update: Chop or DropGoogle has hit past the 1.0 of our A-B move, and also made the OMH I called for in my last post. This count now appears to be complete to me. Could there be OMH? Sure, Absolutely! But IT IS NOT REQUIRED . I remember reading somewhere that "it aint over till the last 5 says so" lol. I'm sure I said it wrong but the point being is if we do make another high it shouldn't be much.
On the graph, I drew a box for what is the normal end target for this A-B move up. We could technically go all the way up to the 1.382 and still be considered "normal". Until "the last 5 says so" we will chop in this box inching higher and higher until....BOOM! The bottom will drop, and you'll be scratching your heads thinking, What just happened?
I could be wrong. I am not a fortune teller. I only post the probabilities according to my analysis. At this juncture though, it appears a decent drop is on the very near horizon, and I don't want to be on the long end of that when it comes. All that being said, there is still all of the stuff going on with the fed and the debt limit. You never know what could become of all this. Just be careful, and above all USE STOPS!!!
Bonam Fortunam,
--Tyler
Best Value AI PlayAlphabet trades at 20x earnings vs. Microsoft's 29x. Bard is a worthy competitor to ChatGPT and we remind readers that Alphabet continues to be the world's dominant advertising business. Preference is GOOG, MSFT, AMZN in order. Strongly prefer GOOG to MSFT given valuation discount. We see upside for Alphabet at $140 per share and downside at $110. Read more at research.blackbull.com