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Google This week's candle closed strong indicating a continuation of the rally, possibly trying to reach for 1400 next. You need to be aware of one issue (marked pink). A distinctive failed reach for the upper formation trend line is a sign of weakness. This could lead to a breakout above (already happened) followed by a sharp reversal around Spring next year. This is interesting because it is echoed by current market technicals (sharp correction in Spring 2020). Google's candle performance is deceiving and only "appears" bullish, even when it actually is, temporarily. The 'monthly' chart below shows clearly how the stock failed the formation throughout. This is seen when averaging the performance using step-line. The 'monthly' performance alone requires a downward correction of about 30-35% to become neutral again. All you need to watch out for is the Bollinger Bands . An overshoot with a solid candle (on the 'weekly') and a reversal with another solid candle will be your strong-sell signal. Also look for a 'failed reach' of a solid candle on the upper b-band line. The stock is bullish as long as it trades above 'a'. Close your long position if it closes below. Strong-Sell if it closes below 'b'. I never liked this stock's technicals. But it's been requested by a few, so I will revisit this post continuously with updates if there's anything new & mentionable.
NASDAQ:GOOGL
by UnknownUnicorn5323213
GOOGL, Alphabet Inc. - Rectangle ready to breakoutNASDAQ:GOOGL Google is continuing to maintain itself in this price range in which there has not yet been a clear breakout, even if the price is getting closer and closer to the level that interests us, the resistance of this rectangle. As you can see in the chart on the timeframe weekly has a higher efficiency from the point of view of Risk Reward and Winrate. We are trend followers and look for entry signals on certain assets that meet our parameters. One advice: do not think you are making profits by trading intraday or by looking for patterns that are not sustainable from technical analysis. Always take as a reference the best in the world if you want to follow someone. Everything else is not provable for us. Ray Dalio, Peter Brandt, Warren Buffett, Jesse Livermore to name a few.
NASDAQ:GOOGLLong
by SwissTradingSchool
YouTube Fined $170 Million over Kids Privacy ConcernAlphabet-owned search engine Google and its free-video streaming service YouTube will pay $170 million as a penalty for kid’s data collection. On Wednesday, the Federal Trade Commission (FTC) said that YouTube has agreed to pay the given amount to settle the allegations. The video streaming site was the subject of accusations regarding the collection of children’s personal information through the use of cookies. The federal law that bans the gathering of data and information about children under age 13 has included cookies since its 2013 revision. These cookies are utilized by servers to track the surfing habits of users, making it easier to target relevant ads. The settlement will be the largest since the law first came into effect in 1998. YouTube will settle the amount with the FTC and the New York’s general office; the latter will receive $34 million. Additionally, the settlement coerces the company to devise a more systematic approach in distinguishing content with children as the target audience. Not only that, YouTube must now prompt content creators that they have an obligation to get consent from parents. Doing so, if permitted, they may proceed with collecting the data so long as they do it legally. FTC’s Bureau of Consumer Protection Director, Andrew Smith, explained that the $170 million settlement has YouTube’s numbers as the basis. They took the amount of revenues garnered from the collected data and gave it a multiplier. “It happens that $170 million is roughly the budget of the Bureau of Consumer Protection for one year,” Smith added. As soon as the settlement finalizes, the FTC, according to Smith, will “conduct a sweep of the YouTube platform.” This action aims to “determine whether there remains any child-directed content” violating the federal law and the recently-reached agreement. YouTube on the Move Finance Brokerage – YouTube: Youtube video service on laptop screen close-up.Once the FTC proceeds with its ‘cleanup’ tactics of the platform, individual content creators could be at the receiving end of any legal action. If YouTube’s policy holds, to a certain extent, this is not a questionable move. However, this threatens even the most innocent of channels if done recklessly. It the grand scheme of things, it should be YouTube’s responsibility to polish its platform. Not surprisingly, YouTube stated on its Twitter account, “Today we’re sharing several changes designed to better protect data on children’s content on YouTube. Starting in about four months.” The world’s largest source of videos online will start to deduce that the viewers of these children-focused content are children. Having no access to the specific data needed, YouTube will no longer consider these users’ real age. In about one year, as required by the FTC settlement, videos directed to children will no longer receive personalized ads. Content creators will also have to inform the company about uploading these types of videos through the platform. But more problems arise rather than solved with this move. With the amount of kid-oriented content uploaded daily on the platform, content creators will take a major hit. Ad space and ad technology will expectedly drop its effectiveness towards audiences significantly. Revenues of individual content-makers should decline as well. As an effect, fewer creators will focus on making kid-friendly videos. Thus, prompting more of them to just go with the flow of the algorithm. YouTube should start looking at the bigger picture over the coming months. $170 million’s worth of settlement is a small percentage. Additionally, considering Alphabet’s total second-quarter revenue of $38.9 billion reported in July. It shouldn’t be as much of a difficulty on costs for the company to invest in devising a significantly-optimized system.
V
by Financebroker
SERIOUS: Eric Schmidt resigns as Google tumbles by $70 BillionGoogle suffered the biggest one-day tumble in its history - some $70 Billion wiped out ! Alphabet announced about 2 hours ago that Eric Schmidt the CEO for the last 18 years, will resign from June 2019, and will not seek to be re-elected. This is not great for investor confidence in the short term. Schmidt's resignation won't cure Google's woes anytime soon. This significantly contributed to the DJI taking a dive for 200pts but recovering as the bulls charged in. The last serious gap down for Google - not as bad - was in Feb 2018. On that occasion the gap was not closed and price went down for a further 4 days. This does not mean that the same will happen again. But it could. Google is used to gapping up, not gapping down. After nearly every gap down price has moved further south. The bigger the gap, the less the initial recovery. Is this the first domino to fall - the pinprick that pops the 'technology bubble'? I don't know. If it is, I trust that Mr Powell et al have enough cash to prop up the DJI. Well, it's easy for the FED cuz all they need to do is turn up the money-printing press. Innit!
NASDAQ:GOOGLShort
by Captain_Walker
Short it to the ground!Disclaimer: This is a trade that is set to last at least 6 months. Only for people invested in to consider selling, and those that do long term trades. Personally won't be shorting it. I lose my mind and start ripping my hair out if something takes more than 2 weeks. End of the road for google. Their search engine is deteriorating. The markets globally are moving so irrationally. Dumb money for sure. Youtube is going crazy, discriminating people at random, killing videos, channels, they don't care about their creators because there is not much competition. Yet. But it is starting. Not going to start a long explanation anyone can go check for themselves. Short version: Google products bad, bubble bad. Remember what happened last year when the video game industry started abusing micro transactions and also getting "woke" and attacking their clients? Right now it's even struggling to dead cat bounce, it actually looks like it's going to end up down 75% or more from ath. Google 2008 linear chart: Googl compared to video game companies: What is the risk? The risk imo is the stock market, moving irrationally due to dumb money, has been going up for 6 months on trade war hopes, pulls a 1929 on us. But even if that were to happen, doesn't mean google would go to 2000$. A stop loss at 1600$ would give much higher odds of winning, but not a great risk to reward. A stop loss at the previous high is a great risk to reward, but lower odds. So ye depends on every one strategy. I personally prefer RR 1 to 2. Lower than 1 you get really high winrates but it doesn't feel optimal and losers set you back alot doesn't matter in the long run but still, doesn't feel the best. And really high risk rewards are for idiots plain and simple. For the next two decades whether it is wise to invest in googl or in their competitors (Yahoo/Verizon Vimeo/IAC etc) will depend on how googl adapts. If they mess up and their leading position goes to their head and they refuse to adapt, then good night. Who cares about myspace or friendster now? What has their n°1 spot 20 years ago done for them? RIP. It will also depend on their competitors. The whole company. Just 1 of their service growing is cute but the rest has to go along. Also will depend on the charts, if supports are holding, if we see buying interest... Unless you're a pure value investor and don't care lol. I still think it's interesting to look at the chart. What's the point of buying something of value cheap if no one is going to buy after you? Maybe a whole new competitor emerges and tears google apart? * Wait I'm seeing a pattern here. Every silenced/discriminated youtuber is a white man. Non profit channels to help handicapped children - that happen to be run by a white man - are getting hit (yes really... they got that dirty) handicapped children... are you serious... they literally could not be more evil... They're silencing channels about animals and stuff. Non political stuff, non edgy, non weird, non adult themed, just little children and animals. Really? And what they all have in common is the youtuber has white skin and looks like a man. I didn't notice anything with the girls - except the non PC ones ofc - channels. And "trending" is full of black men and girls. OH MY this is it. This truly is what is going on. Wtf is wrong with these idiots? Discriminating a whole group because "we don't like it there is too many of them". Isn't that how Hitler got started with the jews? Closing their stores with the SA in 1933?
NASDAQ:GOOGLShort
by MrRenev
9
#GOOGLE,GOOG (Alphabet Inc.) Analysis+SignalAs we can see in the graph, we have returned to the buying trend for several days already! We recommend entering a Buy position for several reasons with a very specific target: 1. The price crossed the moving average 200 (Buy Signal) In the daily graph 2. The price crossed the Kijun Sen In the weekly graph 3. The price will seek to reach a psychological goal to test the power of buyers found in 1180 see the graph above Buy Google Entry Price:1123 Take Profit: 1180
NASDAQ:GOOGLong
by xosignals