Google and Cambridge renew multi-year partnershipCambridge University and Google have forged a renewed, multi-year partnership aimed at funding and conducting groundbreaking research in the realm of artificial intelligence.
Their focus will be directed towards pressing concerns such as climate, healthcare, security, and the ethical deployment of emerging technologies.
Michele Donelan, the Secretary of State for Science, Innovation, and Technology, has officially confirmed this:
"Artificial intelligence can offer us enormous opportunities - growing the economy, creating new jobs and making lives longer, healthier and happier for British people."
GOOG trade ideas
The Magnificent 7 Index : A House of CardsThere are exactly 7 stocks holding up the entire US stock market. Those assets include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. What I’ve done here is created an index chart that enables an Elliott Wave count of all 7 assets combined. The all time high was printed in November 2021, along with the rest of the major stock indexes. Since then, these magnificent 7 have carved out a 5 wave expanding diagonal decline, followed by a 3 wave corrective zigzag that ended in July 2023. This is an incredible 1-2 series to begin a massive decline to an all time low below $170 for an index currently valued around $1800. But let’s not put the cart before the horse and instead look at what’s right in front of us. Since the wave 2 high in July, this house of cards has begun to tumble, printing a smaller degree 1-2 decline that is only the beginning of a much bigger fall described in this post.
Google: Bearish Deep Crab Dark Cloud Cover Type 2 Return EntryGoogle, after its initial bearish reaction to the PCZ, has returned to the PCZ as the RSI managed to make a 3rd lower high and is set up to give us an impulsive move downwards in the coming days. We also confirmed a textbook Dark Cloud Cover today after the rejection of the ascending trend line.
I think we will see extreme downside from Google pretty soon that will undo most, if not all of its 2023 upside price action.
GooglRising wedge here and a dark cloud cover daily candle.
Targets are
138 gap close.
Below 138 and we head straight for our 21ema at 135
Below 135 and 130-132 at play here..
Daily Rsi just hit our reversal
XLC sector which is the sector of Meta,googl, and NfLX just hit its supply zone with a bearish engulfing
GOOG: Darvas would have been super excitedThe leader is back!
This is one of the prettiest charts to look at.. and GOOG is a main component of my portfolio.
an interesting observation on super big volume trading days is that most of them recently are associated with days where the price didn't break the prior bar's low .. this is a good sign of accumulation. big money buying in relative short-term weakness ?
Watching for another level up and a breakout to new range above $140.0 - maybe this week's macros can be the catalyst ?
I am looking on a bullish continuation on GOOG.
As you can see here we have formed a couple of trendlines on the 4 hour chart. And If we can break the 139.97 level, we could possibly see a continuation on google. We also are above VWAP. And seeing that we have good momentum on my indicators I believe that we could see that very soon possible tomorrow. I would be looking for a breakout on the 5 minute chart for the perfect entry.
Confirming the buying Signal on alphabet Google I would like to revisit my analysis on Alphabet (Google) stock that I posted nearly a month ago and confirm it for three reasons:
1) After the market tested the trendline, it returned strongly to its bullish trend with significant momentum.
2) We are observing an increase in volume following the test of the trendline, indicating that buyers are stepping in, and they are likely to push the market towards its resistance level of $151.
3) As we can see, the market is respecting the pitchfork levels, so there is no reason to sell. The market should continue its bullish trend until it reaches $151.
Thank you for reading, and I'll see you soon."
GOOG - TREND REVERSAL SCENARIOA U.S. Justice Department lawyer questioned a Google executive in an antitrust trial about the company's tactics for increasing online advertising prices. Google's Vice President of Product Management, Adam Juda, testified that the company uses a formula involving ad quality to determine auction winners for website advertising. The Justice Department alleges that Google manipulates these formulas to benefit its own profits, a claim Juda disputed. He acknowledged that adjustments to the formula can impact pricing. Google has faced criticism for its lack of advertising transparency, with advertisers and website publishers accusing the company of taking too much revenue. This testimony shifts focus from Google's expenditures to maintain its search engine as the default on devices.
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Resistance OverheadGOOG fell from a bearish rising wedge.
Price appears to have hit support and recovered.
There is a structure forming but too soon to call it.
The bottom blue line of this structure and until the top or bottom line is broken, this possible pennant is neutral.
There is also a large cup but it is a ways to EL for the cup pattern.
No recommendation
GOOGLE ignoring the market and targets new All Time Highs!Alphabet Inc / GOOG is trading inside the well known Channel Up pattern from the bottom of the Bear Cycle and has established itself over the 1day MA50.
The 1day MA100 held the recent correction as it has been doing since March 15th.
The final box to check will be a 1day MACD Bullish Cross.
Buy and target a new All Time High at 155.
Previous chart:
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GOOG - Why a 25% drop Is lurking in Google StockSometimes live can be simple.
This trade is simple to me.
Let's examine it:
1. Over all Indexes are not favoring the long side.
2. Price reached the Center line and get pushed back.
3. The Divergence in the RSI is significant.
...and the rest is Risk & Money management.
My stop goes a couple points above the last high.
But I probably play it with Options and give me at least 100 days to expiry (DTE).
Simple enough? §8-)
Happy trading folks.
GOOGL short - rising wedge paternHi traders
After reaching 0,786 fib level and completing the rising wedge pattern, GOOGL looks like it's ready to reverse the trend.
We've seen a very nice recovery but probably that's all for now and now it may be a time to short GOOGL.
RISING WEDGE seems to be completed and the price seems to be breaking down.
How to trade:
Take a short at the break down point if the volume increases.
You can also wait for a bearish retest of the resistance (previous support of the wedge).
Target for shorts: 103 -108$
stop loss: 141$
Good luck