2024/12/06
Daily 4XSetUps - Lateral Price Action In The GOOGL Stock
“Despite dividends from profit growth, share price is stagnating!
why? fear of being broken up may be the big unspoken topic?”
The earnings per share of
GOOGL are higher today than they were seven weeks ago. This positive trend started on November 1st, 2024 at a price of $171.29. Therefore, the stock seems reasonable on average based on the growth potential and other metrics. And from the POV of the technical analysis, everything looks very average, but still tends to be more bullish than bearish. Because the price action of GOOGL is currently taking place just above the value of the 100/200 SMA cross. The closing price on Friday, December 6th, 2024 was $174.71 - while the SMA Cross: Plot was listed at $173.425 and/or the SMA Cross: Mean was at $165.87. This could therefore also be seen as a bullish technical signal - in the medium and/or long term. But I don't want to get euphoric about the GOOGL share at this point! Why should I, there are no reasons? The relative underperformance of the last four weeks was and is more than disappointing compared to the 
SP500 at -4.66%. And this despite the fact that the dividend of +0.46% that has now been paid is well covered by the bubbling profits. The dividend expected over the next 12 months is expected to require +7.38% of profits. While the long-term growth is +15.13%.
“Thoughtful disagreement is not a battle; its goal is not to convince the other party that he or she is wrong and you are right, but to find out what is true and what to do about it.”
Ray Dalio
$182.49 : 2024/11/12 - 1st False Breakout Of Bearish GAP
$182.02 : 2024/10/30 - Intraday High On OR Release Date
$181.54 : 2024/07/23 - Bearish GAP High
$176.19 : 2024/07/24 - Bearish GAP Low
$174.71 : 2024/12/06 - last price action
$169.16 : 2024/08/20 - 1st High After GAP Lows
$168.64 : 2024/10/01 - 2nd High After GAP Lows
$168.40 : 2024/11/20 - SMA1 HL/2 Trendline
$163.80 : 2024/11/20 - SMA2 HL/2 Trendline
The GOOGL share closed on Friday at the same price action as the last long GOOGL 4XSetUp from November 20, 2024. Therefore I only want and can repeat myself, in the case of the
GOOGL share. After an outstanding price jump after the last quarterly figures, even above the GAP in intraday trading, the share fell back again. And up to what price? Correct, more or less, to the interim highs, during the trend reversal formation, in mid-late August 2024 and also on the first trading day in October 2024. What was always just below the 100 SMA at that time - served as resistance zones at that time. In contrast to the 200 SMA, which served as support zones within the trend reversal formation. Why am I telling you this today once again, like back on the 20th November 2024? Because the price action above $169.16 and/or $168.64 is fundamentally positive. And, if it is held until the end of 2024 - which is what this long 4XSetUp is aiming for - it should be a good bullish start for 2025! But until then, the bearish GAP must be recaptured by us bullish traders and/or investors! The terrain from $176.19 to $181.54 in order to remain clear in detail. And things are looking pretty good - but it doesn't seem to be easy for us bulls in the GOOGL . So let's not put us bulls under time pressure, let alone panic, if we can't do it all in 2024 - even to get back to a price action of over $181.54. Because it is much more important for the year 2025, as far as the price action is concerned, that the $169.16 andZor rather the $168.64 price action zone holds. Because a price action above this confirms the previous trend reversal formation. When we were afraid that we could be stopped out even with this long 4XSetUp. So exhale, cross yourself and have a Merry Christmas as far as this long GOOGL 4XSetUp is concerned. We'll see what happens in 2025 - one way or another...--------------------------------------------------
$190.00 : 2025/06/30 - Target Price
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$174.71 : 2024/12/16 - last price action
$160.37 : 2024/08/14 - Entry Price
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$140.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.