Google Bull Flag & Value PlayGoogle is looking relatively cheap fundamentally. It has also broken out of a falling channel we could consider a bull flag coming off the bottom trend and 200wma. I would expect this bull trend to continue.
GOOGL trade ideas
ALPHABET: Double Bottom SpottedALPHABET: Double Bottom Spotted.
After a long downtrend market, a double bottom is spotted in daily time frame.
The downtrend Market structure has already been broken in last two trading sessions.
Investors are showing more interest in this stock.
This may result in a bullish rally of the stock.
Stock is expected to test the level of 123$ per share in upcoming trading sessions.
On down side price level of 82$ per share may hold the key support.
GOOG // cup handle formationAlthough there is a cup-handle formation in the graphic, the targets are determined according to Fibonacci.
Not Much Meat Left On the Bone for GOOGL HereDirectly in the supply zone, earnings and guidance were blah...
Cost-cutting not enough for investors at the moment..
Investors unsure of macro-outlook in coming months...
Not a buyer here personally..
Long GOOGL @ 105GOOGL just crossed earnings without surprises. It also crossed the last 2 daily fractals at the 100 price mark.
On the weekly it is likely to close today above the red line, which sets us on the positive side on both the daily and weekly charts. The weekly chart appears to have good energy accumulated.
As always, target and stop loss is crossing below the daily red line, whenever it happens.
GOOGL Potential for Bullish Continuation | 3rd February 2023Looking at the H4 chart, my overall bias for GOOGL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 101.12, where the 23.6% Fibonacci line is. Stop loss will be at 84.87, where the previous swing low is. Take profit will be at 122.41, where the previous swing high is.
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Google Earnings tomorrow. Google is near resistance but could push up a bit to tage and test the breakout trendline.
The Fear and Greed index has now been trading in the fear side for 2 weeks.
Usually prolonged trading in the Fear range foreshadows a near term downward pressure. What makes this intersting is the Fear index range was just tagged on the monthly & Daily time frame.
Hong Kong’s Exports Plunge, Apple estimates cut by Wells Fargowith apple, google, and amazon reporting thursday, the market may have been looking for a reason to take profits anyway. But overnight futures were down and possibly these Hong Trade Deficit Number soured the recent bullish mood.
Add to all that the issue of the US debt ceiling, investors probably cant wait to reduce risk and look for a new re entry.
Google vs Apple; How Android will kill Apple.Fact;
- Apple (iPhone, etc.) is entirely (100%) sourced from China;
- Google (Android) is 100% sourced from S. Korea & Japan.
1) Considering the abject population collapse - and massive DE-industralization!! - of China, it will take YEARS for Apple to relocate it's entire supply chain. (To N. America?) E.g. Apple will be lucky to bring out a new iPhone every other year - even that being overly optimistic.
2) Barring an outright armed conflict between S. Korea and Japan (very unlikely) Google's supply chain should be just fine, mostly unaffected by the coming Chinese de-urbanization and de-industrialization. (... which China will be forced to endure in order to feed the *** 800 million Chinese ***, which is what will be left in that country, by 2035.)
When will this purported Chinese population collapse and total de-industrialization begin?? ... You are in it!
(It is well worth to pay attention to it because it will (continue to) be spectacular!!)
Simultaneously, the technical picture is also very favorable for the upside, in this spread.
GOOGLE (GOOG) Trade UpdatesGoogle (GOOG) Trade Updates
I entered November (see previous post) near the bottom with a price of 85.87, a profit of 13% so far, but the road is still long.
The volume knot near POC held up well, but the upper areas are very well covered.
Here too, as for AMZN, my target is the historical highs, even if for the medium term, the target is $115-120.
To keep an eye on earnings, Google is a company that I personally consider on a par with Apple, despite having a lower market cap, but has recently had some internal problems, which have seen significant layoffs in the staff.
This could also be positive in terms of the budget, you always have to look at the bigger picture.
Artificial intelligence, automatic driving and augmented reality remain the sectors to be monitored, clearly the core business remains the search engine and the revenues from the ads generated, also pay attention to the technology used in the Stadia project; it could be resold under license to other giants of the video game industry.
In conclusion, very negative earnings could push the price towards the $70 level, where I would increase my position.
Targets:
short: get out now
medium: 115-120$
long : $151
Happy trading
Lazy Bull
Cup and HandleLong entry level for this cupping pattern happens to be at the 50% retracement of the trend up.
Targets in Green for the C&H. Long when EL is met which is a bit above the high on the left side of the cup in order clear resistance.
More resistance overhead.
There is also as Shark pattern and targets are in white. Targets 1 and 2 have been met for the Shark.
The basic trading premise with the CMF indicator is if the indicator is above 0 this is a bullish sign, while a reading below 0 represents a bearish signal. Reading above +. 25 or below -. 25 indicate strong trends and positions can be added on minor corrections.
Chaikin Money Flow (CMF) developed by Marc Chaikin is a volume-weighted average of accumulation and distribution over a specified period. The standard CMF period is 21 days. The principle behind the Chaikin Money Flow is the nearer the closing price is to the high, the more accumulation has taken place.
This indicator is popular with volume traders.
No recommendation.
Try to stay sane even when insanity covers the ceiling, the floors and the walls.
Google is preparing for a final price correctionGoogle is preparing for a final price correction
From a fundamental point of view, many background noises are coming, including strong progress by Microsoft in combination with OPENAI, lawsuits in the US and more.
From a technical point of view, it created an inverted cup and handle that matches exactly with a Fibonacci correction to 23.6% and a return to the lows of the Corona period
Big Tech woes lead to layoffs, resulting in stock surgeOver recent months, Silicon Valley has been struggling to keep its position as an endlessly burgeoning region of massive profits and possibilities.
Technology stocks listed on NASDAQ have been decreasing in value, making the chart pattern for the NASDAQ Composite Index quite sobering reading.
Indeed, so severely have the tables turned on Silicon Valley's 'big tech' giants that European stock markets, with their legacy companies which have been in establishment for in some cases hundreds of years, have been outperforming the giants of the electronic revolution for many months.
Something had to give, and yesterday some of the most popularly traded companies in North America's big tech sector began to announce significant redundancies of staff.
Following last week's well publicized redundancies at Alphabet, Google's holding company, there have been more wounded tech firms following suit.
The layoffs at Google actually had a positive effect on stock values, and now other firms in a similar position are announcing their intention to go down a similar path.
Swedish music streaming service Spotify witnessed its shares rally yesteda as it announced its plan to cut hundreds of jobs to help rein in costs.
Shares of Alphabet rocketed at the end of last week, jumping 5% and adding more than $50 billion in market value, following the tech giant’s decision to lay off 12,000 workers on Friday, demonstrating that it had overspent and grown its business to rapidly since the 'e-commerce revolution' which took place in 2020 when many Western governments locked their populations down.
This appears to be a proven strategy, as those with a keen eye who have been monitoring the performance of Meta (previously known as Facebook) will have noticed that its shares have skyrocketed about 50% since the firm announced in November it would cut more than 11,000 jobs.
Silicon Valley was notoriously bloated, and many highly paid staff were allegedly sitting in vacation homes and refusing to come to the office during 2021. The tables are now turning, and the need to keep shareholders happy appears to be paramount at last.
Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.
GOOGLThe pressure against money markets has been declined since the actual inf. data is approximating the expected inf. data. Avg cost is 89 usd.
Not an investment reccomendation.
Pull Back FishingM pattern noted.
The 4th leg seems to have paused at the .886.
Peak 2 is higher than peak 1.
Sharks are also known to dive to the 1.113 on occasion.
This market is tough to trade right now and seems to be in "wait" mode today.
No recommendation.
“The stock market is a device to transfer money from the impatient to the patient.”
Warren Buffett
GOOG is below the .618 of the trend up from the Covid low, and above the .786.
Falling Wedge- BullishAfter holding a long downtrend since the beginning of 2022, GOOG is finally looking ready to breakout here as Google is approaching the end of a nice falling wedge, testing the 20-day EMA while also hovering at a weekly low, heading into earnings.
Bollinger bands are squeezing (Not Pictured), a bullish shark harmonic pattern, and a MACD golden cross have formed on the daily timeframe. This is accompanied by a massive falling wedge on the weekly timeframe (See Attached Chart Below), along with some bullish hidden divergence on the RSI. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime - (See Attached PT's &Charts Below)
PT1- $91.86
PT2- $92.54
PT3- $96.23
PT4- $96.23+
--Weekly Timeframe--
GOOGL almost thereIts running in the obvious down channel, and now at the lower end of it. I expect a quick bounce to 94-95 level. It will line up perfectly with the weekly SMA 200.
After that continue to the downside. For me, Google at 70 level is really attractive based on technical and fundamental
Google Analysis 22.01.2023Hello Traders,
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Tough Days for Google StockGoogle stock have 2 scenario for daily time frame
1. If goes above $100 and reach $103~$105, after some consolidation reach above levels.
2. If it is not able to cross $102 zone, $95~$93.6 will be the first support zone.
[Watch it] Sub 100$ GOOG looks interesting for some DCAWhile was originally looking for some long term buy opportunity at 90$ and below, given the overall picture i started DCAing right from here close to the 95$ mark.
Reasons:
1) Pretty extended and unprecedented RED TD count on M
2) CMF sub-zero, unprecedented as well
3) Close to 0.5 FIB
4) ongoing bullish divergence on RSI
5) Price close to lower BB
Will accumulate down into the blue box, having the opportunity.
That said it may bounce off the 0.5 FIB, eventually.
Mind the risk.
DYOR, highly speculative trade.
Prettified chart:
Price channel in $GOOG downtrend$GOOGL has been trading within a price channel in its current downtrend. With trends, we don't fight them. When the structure is broken, we will reanalyze the stock to see if new characteristics has been made. Until then, we will see if the top of the channel provides further resistance. If so, puts would be in order.
Analysis of Google before earnings Google stock has faced plenty of setbacks. With ChatGPT, a lack of new products and services, Ad revenue declines and a slowing economy all create hardships for investors. Competition against google has increased with $MSFT investing $10 Billion in the AI system, creating threats to Google. With this all in thought, my prediction is that ad revenue again is going to be weak. Google's stock will drop at least 6%
