GOOG IS BEARISH AB=CD PATTERN SHORT TERM! GOOG is in a bearish AB=CD pattern short term (1h). Looking to take profits around the green and gold boxes. Let's get it! 🤘🏻🚀🤑
ABEA trade ideas
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021
#BTC has also more than doubled
#SOL has 4 or 5 X'd
This chart is combined price chart of
#Googl
#Appl
#MSFT
#Amzn
#NVDA
#NFLX
#META
U can see the two head and shoulder tops in 2021
and also the inverse head and shoulders in 2022
The clean break and run.
And also the Bull Pennant which has already bullishly triggered 3 weeks ago.
From these levels if that Bull pennant target is to be met (log scale)
It seems this basket has another 30% move left in it.
Resistance and Support"If the direction of the candlestick tends to rise and fall, the price will be at the recommended support and resistance levels."
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
Google is looking bullisbThis chart looks way bullish. I il do the breakdown soon.
If you have any doubts you can DM me here
A beautiful setup is approaching for GOOGL!🔉Sound on!🔉
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GOOGL BreakoutGOOGL has been a strong name all year, in part because of AI hype among other things such as stock buy backs. It just broke out of a downtrend and I expect it to be a top performer if NQ continues to make new all time highs.
$GOOGL triangle breakdown from ATHPretty simple here, the negative news catalyst has given the bears something to eat. Looking to play this short into the gap area below!!
I want to buy more, more and more of Google sharesI hope it would retrace to the 2nd support level at 143.19 so that I can accumulate more.
Approximately, had you invested in this company in 2004 , 20 years ago, you would have made more than 6000% returns, 10 years ago, more than 500%, 5 years ago, more than 200% and 1 year ago, it would be 105% returns.
Imagine if China is willing to open the market for Google to come in and some sort of collaboration on a win-win basis can be established, the market will be phenomenal for Google and also the users in China. Of course, there is the protectionism that each country wants to work with to protect its own market, national security issues, political reasons, etc.
Let's see how it goes ......
Googl absolute buy zoneGoogl is probably my largest future bet going forward. After the most recent earnings and a very thoughtful analysis, I find it to be the best value of the Mag 7, followed by Amazon. I go with A class shares since they offer voting power and are likely more popular. My plan for this stock is to buy 2026 Jan leaps likely around 150$, and sell covered calls against the position. If I am close to assignment I may roll, or allow the leaps to move. I do plan on exercising at least one of these in 2026 at the 150$ range since I believe this is an amazing company.
-165 UPCOM:ISH is an amazing deal, the company was valued at 164 using discounted cash flow model in Q1
-Low forward PE in an overheated market
-Extremely high cash flows
-Expanding cloud revenue
-Slept on in the Ai market, they control the data, therefore their Ai presence will be huge
-Large moat, people like to use google, youtube, and the cloud is expanding
GOOG Momentum Long *Potential Setup*This is a potential long on GOOG.
The first leg up has happened which is step one of the setup.
Step two is a tight consolidation channel which I am waiting to see.
Step three would be a second leg up.
$GOOGL still one leg higher? $200+?Judging off of sentiment, I think most people believe that Google will miss earnings.
Based off the chart, I think there's still one leg higher that likely starts on a reaction to earnings.
I think what's likely is we get a retest of support tomorrow and a low into earnings, and then we see a positive reaction after earnings that starts the next leg higher up to $200+.
Top targets are $214-234.
Let's see what happens.
Is it a good time to buy Google?It feels like the bottom for Google in the long term.
(1) The price is touching the long term trend line
(2) Fib retracement is at 0.618~0.65 range
(3) WaveTrend touched the bottom
But what if the trend line breaks?
Maybe $64 will stop it or maybe $50.
Always be ready for the worst case scenario.
Don't go all in nor use leverage because you never know the bottom.
Google's Reverse Head and Shoulder patternI looks like Google stock price completed reverse head and shoulder pattern.
We can expect about 30% price raise.
$GOOG Cup and HandleLittle late to the party here but look to enter on pullbacks with clear stop at halfway point on the cup. Love this pattern, shout out William O'Neil
Google Set to Invests 1 Billion Euros in Finnish Data CentreGoogle ( NASDAQ:GOOG ), a subsidiary of Alphabet Inc., has announced its plan to invest an additional 1 billion euros ($1.1 billion) in the expansion of its data center campus in Finland. This strategic move aims to bolster the company's artificial intelligence (AI) business growth in Europe. The Nordic region, with its cooler climate, tax incentives, and abundant renewable energy sources, has become a preferred location for data centers in recent years.
While some Nordic countries have expressed concerns about hosting data centres, citing the potential use of renewable power for higher value products such as green steel, Finland's significant increase in wind power capacity, particularly a 75% surge to 5,677 megawatts in 2022, has positioned it favorably for accommodating data centres. Google ( NASDAQ:GOOG ) has secured wind power in Finland through long-term contracts, leveraging the country's renewable energy potential.
With the proliferation of AI applications, analysts anticipate a substantial surge in data centres' power consumption. Google's investment in the Finnish data centre aligns with its commitment to operating with 97% carbon-free energy and its plan to redirect excess heat from the data centre to the district heating network in Hamina, benefiting local households, schools, and public service buildings. Furthermore, Google has pledged to achieve net zero emissions across all its operations and value chain by 2030.
In addition to its Finnish investment, Google ( NASDAQ:GOOG ) recently announced its intention to construct new data centres in the Netherlands and Belgium. These initiatives underscore the company's strategic focus on expanding its data infrastructure to support its growing AI and cloud computing operations.
Technical Outlook
Google ( NASDAQ:GOOG ) stock is up 1% to $179 per share trading with a bullish Relative Strength Index (RSI) of 71.99 which is sparsely overbought. The stock is prime for further growth as it is trading above the 200, 100, and 50-day Moving Averages (MA) Respectively.
A move further above the 1-month high to the pivot point will validate new highs for Google ( NASDAQ:GOOG ).
GOOG heads up at $160: record high, possible top/pullback spotGoogle finally made new highs.
Just hit a major resistance cluster.
Watching closely here, could turn.
$ 157.95 - 160.24 is immediate resistance.
$ 149.93 - 150.66 is first good support below.
$ 202.23 - 203.89 is next major target above.
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Google Overbought13 of the giant investment companies were on the side that sells googl in this ranks. I'm on the side of the googl area from $ 176 and I think it looks expensive. I can add it if it descends between $ 145 and $ 124. Especially I chase the candles in which the dfr indicator I have developed gives a scholar signal.
Resistance SupportInvestors are considering the direction of Google's stock. What do the charts indicate about its direction, and what are the signs for profit-taking? How would you make your decision?
OpenAI’s search engine: Implications beyond GOOG stockOpenAI has denied rumors claiming it's set to reveal an AI-powered search engine for its flagship chatbot, ChatGPT, on Monday.
Although there is speculation that OpenAI is being a bit of a wise guy, and the product it will demo is not a search engine, but what they might dub as the next generation of search engines.
It will be interesting to see if this product, whenever it is first demonstrated, is anything Google will have to worry about. According to Bloomberg, OpenAI’s search tool will be partly powered by Microsoft’s Bing search engine. Make of that what you will.
Either way, this could likely ratchet up competition with Google and the market might have already begun to price in this risk to GOOG stock. But what other stocks could face a negative or positive risk from this development?
Maybe we can ask ChatGPT:
“Online advertising companies: Companies that heavily rely on Google's advertising platform for revenue could face challenges if advertisers shift their budgets to the new search engine. This includes companies like The Trade Desk (TTD), Magnite Inc. (MGNI), and Criteo S.A. (CRTO).
E-commerce platforms: Google's search engine is a major source of traffic for many e-commerce platforms. If a rival search engine gains popularity, it could impact the flow of traffic and potentially affect revenue for companies like Amazon (AMZN), eBay Inc. (EBAY), and Shopify Inc. (SHOP).
Payment processing companies: Google's search engine facilitates e-commerce transactions, which benefits payment processing companies like PayPal Holdings Inc. (PYPL) and Square Inc. (SQ). If a rival search engine affects e-commerce traffic patterns, it could indirectly impact payment processing companies.
Digital marketing agencies: Companies that specialize in search engine optimization (SEO) and search engine marketing (SEM) services may see a shift in demand if advertisers allocate resources away from Google towards the new search engine. Examples include companies like WPP plc (WPP) and Omnicom Group Inc. (OMC).
Data analytics companies: Google's search engine generates vast amounts of data, which is valuable for analytics purposes. If a new search engine captures market share, it could impact data analytics companies that rely on Google's data for insights. Companies like Nielsen Holdings plc (NLSN) and The Dun & Bradstreet Corporation (DNB) could be affected.
Online review platforms: Google's search engine plays a significant role in driving traffic to online review platforms like Yelp Inc. (YELP) and TripAdvisor Inc. (TRIP). A new search engine could potentially change the dynamics of online reviews and impact these platforms' user base and revenue streams.”
$GOOGL Long IdeaBuilding off my gap fill/support idea i posted we look to take NASDAQ:GOOGL long over $155
