GOOG trade ideas
2 scenarios for earningsCase 1: We are in wave B of an expanded flat, post earnings pop to 143-144 and then drop to 128 by 11/6
Case 2: Drop from current level (138) to 125-128 before 11/3 expiration
** The play **
- 2:1 puts to calls Nov 3 135 puts for 2.60 and Nov 3 142 calls for 2.80
- If case 1 plays out, sell the calls to break even and enter Nov 9 138 puts
Not financial advice
GOOG is consolidating and preparing for a major moveIt's in a rare diamond pattern and also a symmetrical triangle, maintaining consolidation within it for months. The breakout from this pattern is expected to be significant and rapid, either with a surge or a sharp drop, involving a considerable percentage change.
Three days ago, there have been attempts to break out with increased volume. However, the trendline appears robust, promptly rejecting any advances. It seems like a substantial catalyst is needed to break out of this pattern.
In my assessment, there is a 55% chance of a breakdown and a 45% chance of an upward breakout. This conclusion is drawn from its current position, situated below all major moving averages except the 200-day.
Regardless of the direction, a long or short trigger could be highly useful and powerful, offering a potential opportunity for easy profits.
Chart Patterns:3 Step Rocket Booster StrategyFeel free to rocket boost this content to learn more.
What is the best chart pattern to follow?
I was studying technical analysis and then i saw this on breaking news
about the Google stock going up.
Using the rocket booster i saw this stock last week.
I was testing the strategy to make sure it will work..
This strategy is valued at about $700 worth of trading losses.
And using it takes time to understand.
If you have no idea on how to stick to a strategy
you may end up selling a winning position.
The Rocket Booster Strategy:
#1- The price has to be above the 50 EMA
#2- The price has to be above the 200 EMA
#3- The 50 EMA should cross the 200 EMA
If you learn to stick to this strategy then you will be able to have confidence in your
trading journey and technical analysis.
Rocket boost this content to learn more
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Trading signal: Buy
Stock:Google
Date:19/12/2023
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Google Cloud to Run Validator on Crypto Gaming Network XPLAGoogle Cloud will be the first โvolunteer validatorโ on the XPLA gaming chain, adding to Google's growing list of crypto allies.
XPLA, a blockchain network founded by major South Korean game publisher Com2uS, has enlisted Google Cloud as its first โvolunteer validatorโ for the network.
Blockchain validators verify and confirm transactions to support the network. In the case of XPLA, volunteer validators are not rewarded with tokens for supporting the network. Instead, the tokens are distributed to a community pool.
That's the plan, at least. The XPLA network is currently voting on the proposal to institute the volunteer validator feature, and it has 100% votes in favor as of this writing.
XPLA is built on Tendermint, the same protocol that powers the Cosmos network, and itโs also compatible with the Ethereum Virtual Machine. Notable games that run on XPLA include The Walking Dead: All-Stars, Summonerโs War: Chronicles, and Ace Fishing: Crewโall based on existing IP that has been adapted for โplay-to-ownโ blockchain games.
The network was originally established as C2X and built on Terra, the network that lost considerable traction after the collapse of the UST and LUNA tokens in May 2022. The XPLA network was then launched in August 2022. Other XPLA validators include metaverse investor Animoca Brands and mobile game developer Gumi.
Google Cloud has previously signed on to run a validator on a few other blockchain networks, including Solana, Tezos, Aptos, Ethereum scaling network Polygon, and DeFi network Celo. It also collaborated with exchange Coinbase to accept cryptocurrency payments.
In April, Google Cloud launched its Web3 Startups Program to offer additional benefits for crypto firms in partnership with networks like Solana, Aptos, Near, and Hedera.
Google holds a favourable position in the AI competitionThe competition within the artificial intelligence industry continues. According to a report from Alphabet Inc., its proprietary product, the Gemini AI model, has demonstrated promising results compared to its competitors. It is reasonable to assume that increased competition will improve product quality, providing Google with every chance to capture a substantial share of this market.
So today, we suggest examining the Alphabet Inc. (NASDAQ: GOOGL) stock chart.
On the D1 timeframe, support formed at 120.21, with resistance at 139.36. A relatively wide channel has appeared on the chart, with a high probability of breaking its upper boundary. A significant support level is at 127.22.
On the H1 timeframe, a short-term target for the price increase can be set at 151.29, while in the medium term, it could hover around 165.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GOOGLE: Strong buy for $155.Google opened today under the 1D MA50, neutral on its 1D technical outlook (RSI = 48.601, MACD = -0.240, ADX = 32.196). Through out 2023, a 1D RSI value below 50.000 has been a buy opportunity and even more so now that the price is near the bottom of the twelve month Channel Up. This consolidation during the last Bullish Leg of the Channel Up (April 6th - May 5th), was the last buy opportunity before the stock resumed the rise and peaked over the 1.618 Fibonacci level for a HH. We are buying again on GOOG, this time aiming over its All Time High, exactly on the 1.618 Fibonacci (TP = 155.00).
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๐ Google Analysis - A Conundrum! ๐Our entry into Google was perfectly timed, thanks to the limit order. Now, we face the challenge after our subordinate 5-wave structure, where we completed Wave 1 with an abrupt Expanded Flat (a, b, c). The question arises: is this already Wave 2, or is it Wave ((a))? Currently, it appears to be a triple correction upward, specifically a Regular Flat.
Possibly, there might be a downward correction, perhaps to a Double Bottom around $128, the level of our entry. That would then finalize Wave 2. This scenario is possible, though not definitive. There could be another decline in Google in the coming days before it takes a decisive upward turn. ๐๐
XAUUSD GOLDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed Impulsive Waves and making its Correction in Consolidation Phase if it Breaks the Upper Trend Line or Lower Trend Line and Retest then it will make its Impulse Again. Divergence in RSI
Entry Precautions :
Wait for the Retracement
Alphabet Inc. (NASDAQ: GOOG) Currently in an Uptrend MoveGOOG is currently in an uptrend, as it is above the 50-day EMA, the 100-day EMA, and the 200-day EMA. The 50-day EMA is also above the 100-day EMA and the 200-day EMA, indicating a strong bullish momentum. The stock recently bounced off the 50-day EMA, which acted as a support level, and broke above the previous resistance level of $1,500. The next resistance level is around $1,600, which is the all-time high reached in October 2020.
The stock may face some profit-taking or consolidation near this level, but if it breaks above it, it may continue its uptrend. The next support level is around $1,450, which is the previous resistance level and the 50-day EMA. If the stock breaks below this level, it may indicate a weakening of the bullish trend and a possible reversal. The next support level is around $1,350, which is the 100-day EMA and the previous support level. A break below this level may confirm a bearish trend change and a possible death cross.
$GOOGL Buy Target 119NASDAQ:GOOGL Buy Target 119
Buy Target 119โฆ
5-year volatility has expanded here as wellโฆ assuming this is top of the swing high then 119 is the buy targetโฆ.
I will be doing target projections all weekend... so let me know if there's any that you want to see... This gives me an opportunity to see charts I may not have seen in a while...
GOOGLE Buy the pull-back for a $145 Santa's rally.Alphabet Inc (GOOG) gave us a great +20% pre-earnings bullish signal last time we looked at it (July 25) that hit the $140.00 target before pulling back (see chart below):
Right now the price is above the 1D MA50 (blue trend-line), within two Channel Up patterns, with the latter being the (diverging) dotted one. With the 1D RSI hitting its Lower Highs trend-line that has caused technical pull-backs since July 28, we expect a short-term correction near the 1D MA50 and then rebound to price the Channel Up Higher High at $145.00. That will complete a +20% rise from October's bottom, which has been the average % rise for a bullish sequence within 2023.
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