Second Series of STOCKS Buying Areas!Hi followers and other TradingView users,
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TOP10* most mentioned stocks get analyzed. My technical analysis will point out some possible breakout opportunities to buy the strength and corrections to watch - pointing out some lower levels where your alerts should be set!
* if it is not possible to identify logical buying areas from the graph, then I choose the ones (from the list) that have them.
Stay healthy,
Vaido
Alphabet
Googl Short IdeaEarlier we have seen a very good uptrend from the bullish rectangle forming a rising wedge pattern.
Stay long as long as price stays inside the channel.
Short on breakdown from channel for the given targets.
Also target areas can act as support and be possible reversal zones. Follow future price action.
Target = Blue horizontal ray
Green arrow = Long idea
Red arrow = Short Idea.
Kindly do your own research and enter. Also if we see consolidation in the next few days below the channel then we have to update the pattern.
ALFHABET/GOOGLE:FUNDAMENTAL ANALISYS|PRICEA ACTION|LONG SETUP 🔔Praise be to Alphabet for looking beyond search engines and search-based advertising for opportunities. YouTube and its cloud computing services division have been hugely successful, providing at least some of the company's share gains in recent years. These businesses have also smoothed out potential fluctuations in revenue from one quarter to the next.
For reference, however, the company's largest revenue-generating business is still search by a wide margin. Both Alphabet and its investors need to make sure that this area remains a focus, even as the company expands into other areas.
Don't get it wrong: YouTube and Google Cloud are out of the picture. For the quarter ending in March, ad revenue on the former jumped 48% year over year as the platform became an unexpected destination for entertainment-hungry consumers during the pandemic. As it turns out, people like access to a universe of video content in a short format. Google's cloud revenues rose 46 percent in the same quarter as corporations resumed their transition to more flexible storage and computing format. Search advertising revenue grew only 30 percent year-over-year in those three months.
However, we shouldn't forget about the outlook. Search still accounts for just over 58% of Alphabet's revenue, down only slightly from the first quarter of 2020.
There are a few additional notes to the discussion.
Let's take traffic acquisition costs as an example. Google incurs the cost of directing people who use the Internet to its affiliate sites, where those users are then monetized in various ways. The company can adjust its advertising revenue to some extent by spending more or less on web traffic. However, traffic acquisition costs (TAC) are not constant as a percentage of search and related service revenue. Last quarter, the TAC level reached $9.7 billion, or 19% of Google Services revenue, up from 22% in the same quarter a year earlier. Sometimes, however, those costs can take a turn for the worse.
The main notable note, however, is the fact that while Alphabet publishes a detailed breakdown of revenue, it does not provide the same breakdown for operating income. All we know for sure is that Google Services - which includes search, YouTube, Android, and apps - is profitable, while the company's cloud business and "other areas" continue to lose money.
The good news is that the company's losses from its cloud business are clearly shrinking. At the current rate of progress, Google Cloud could even go from losses to profits within a year or so. The bad news is that while we don't know for sure if YouTube is a profitable venture if it is, it is unlikely to be wildly profitable.
Analysts and industry insiders disagree on YouTube's profitability, and their collective consensus broadly suggests that the company's operations are close to break even, though the average has a large standard deviation. Even if YouTube is indeed profitable, its revenue is still less than 14 percent of Google Services' revenue and less than 11 percent of Alphabet's total revenue. Indeed, if every bit of YouTube's revenue converted to profit (which it doesn't - not even close to), it would still be a minority of Alphabet's total revenue.
In other words, it doesn't make a difference.
Many investors are surprised to learn how little impact YouTube and Google Cloud have on Alphabet's financial results. That's the point of summarizing this reality in the simple charts above. And frankly, while both operating units are relatively small right now, they are both growing well and much faster than the company's traditional search advertising business.
However, if you are a shareholder, this visual analysis also shows the importance of Alphabet's core business. Profits from search and advertising have helped fund YouTube's expansion toward self-sufficiency, and it's still funding the creation of Alphabet's cloud computing division. Investors will need more proof that the time, resources, and innovation invested in the cloud segment of the company's business are indeed driving profits if Alphabet wants to remain as much of a cash generator as it is now.
Alphabet Overbought on Hourly AHead of QuarterliesGoogle is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic is above 80 level and maintenance here (blue arrow) increases the chance of a successful trade. However, the RSI is overbought (blue shaded area) and a pullback may give a better risk-adjusted entry, as the oscillator normalises. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Revenue is expected to be $55.95bn ($38.3 bn) and EPS is forecast at $19.19 ($10.13).
googl elliott wave analysis (4h)googl has reached its w3 algo target on the move which had begun last september.
there is always a chance that this w3 could see an expansion, but as of right now without a proper catalyst i think the probability of that is very low.
my downside projection for the w4 algo target sits between 2386~2237
the higher number would go into august,
the lower number would go into september, depending on what the market wants to do.
Google long seeking TP 🎯Just before New York session open I wanted to share a google trade idea.
Currently been in this trade since the 16th of June.
I am using our reversal strategy that is still in the early stages of development.
Using customised RSI values specific to the instrument is the main feature for identifying trades.
Only just started using this strategy for stocks.
Entry details are shown on the chart.
Green line is take profit. Pink line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
The back test for this stock is very solid in my opinion.
Any feed back from fellow stock traders hit the comment box below.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
Elliott Wave View: Impulsive Rally in GOOGL (Alphabet)Short term Elliott Wave view suggests Alphabet (GOOGL) ended wave 4 pullback at 2191. The stock has since turned higher but still needs to break above previous wave 3 peak on April 28, 2021 peak at 2431.38 to rule out a double correction. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 2256.68 and bounce in wave ((x)) ended at 2373.89. Final leg lower wave ((y)) of 4 ended at 2191.
Up from wave 4 low, wave (i) ended at 2236.78 and pullback in wave (ii) ended at 2206.72. The stock resumes higher in wave (iii) towards 2284.72 and pullback in wave (iv) ended at 2255.51. Final leg higher wave (v) of ((i)) ended at 2307.68. Correction in wave ((ii)) is proposed complete at 2223.38. Stock extends higher in wave ((iii)) as another impulse in lesser degree. Up from wave ((ii)) low, wave (i) ended at 2321 and dips in wave (ii) ended at 2289.30. Wave (iii) ended at 2384, wave (iv) ended at 2355, and final wave (v) higher ended at 2390 which completes wave ((iii)). Wave ((iv)) pullback is currently in progress to correct cycle from May 19 low before the rally resumes. Near term, as far as May 19 low pivot at 2223.38 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
US Stock In Play: $GOOGL (Alphabet Inc)$GOOGL successfully attained its projected $2,350 target that was previously highlighted early this month, closing at $2,415 post market hours. This equates to an accumulated return of +14.44% in 19 trading days, since the breakout of its consolidated triangle chart pattern.
With existing implied volatility of $GOOGL remains below the $70/day ATR prior to the triangle formation, it is plausible for further momentous price volatility in the stock as we enter into the month of May.
$GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments.
Looking for a longterm investmentThe course of the technology giants has risen enormously. Do not worry there are still opportunities. The profit of the company has grown along.
Alphabet, the company behind Google, seems to be on the expensive side with a price to earnings ratio of 35.15. However, this is bad at all when we look at all the investments made.
Alphabet appears to be quite far with self-driving cars and also invests heavily in cloud services. This is still at the expense of profit, but does offer enormous potential. The same goes for Maps and YouTube. The well-known video site is only now really starting to show its potential and despite the enormous potential, Google Maps is still hardly being earned.
Core businesses generated an increase of 18% in profit. However, costs of new investments also increased.
With a current market value of $ 1.422 billion, the underlying price earnings ratio is not expensive for a debt-free company, with an enormously strong market position and a lot of growth potential.
And remember, when in doubt, zoom out!
Looking at the chart, the stock is in a upwards position and taken into account the new developments, this will not change, especially not on long term.
Google Pre-EarningsQuite a clean and clear bullish chart heading into earnings. If earnings are a beat and market sentiment improves in the near-term, Google can get to 2000 easily within the next 2 months before taking a long-haul flight to 2200.
Google is currently trading at nearly 35 times PE ratio yet there will be buyers in queue near the 1760 mark if we get there post an earnings beat.
Elliott Wave View: Alphabet (GOOGL) Impulsive Rally IncompleteShort Term Elliott Wave view in Alphabet (ticker: GOOGL) suggests the rally from December 21,2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave 1 ended at 1788.57 and pullback in wave 2 ended at 1696.10. Wave 3 higher remains in progress as another 5 waves of lesser degree. Up from wave 2 low at 1696.10, wave ((i)) ended at 1801 and dips in wave ((ii)) ended at 1711.65. Stock then resumed higher in wave ((iiii)) towards 1932.08 and wave ((iv)) pullback is proposed complete at 1859.16.
The stock still needs to break above wave ((iii)) at 1932.08 to avoid a double correction in wave ((iv)). Near term, while pullback stays above wave ((iv)) low at 1859.16, and more importantly above 1711.65, expect the stock to resume higher. If the stock breaks below 1859.16, then it’s doing a double three (w)-(y)-(y) and should find support at the next extreme area in 7 swing. As far as wave ((ii)) pivot low on January 16 at 1711.65 remains intact, expect dips to find support in 3, 7, or 11 swing for more upside.
GOOGLE Sustainable growth for the next 3 months?Just a fractal play but tell me don't those two sequences have a lot in common? First an aggressive Bull Phase 1 and then a more sustainable Bull Phase 2, supported by the 1D MA50 (blue trend-line). Can GOOG repeat this pattern?
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