Google (Alphabet)
WATCHING $GOOG Key levels & AnalysisWATCHING $GOOG Key levels & Analysis
Watching for 2571
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GOOGL, still another 30% to be had!GOOGL is a mature stock and tends to be very respectful of fibs, previously it was able to run up to the 5.618 fib of the 2009 crash (pretty much to the dollar) prior to the COVID crash. Assuming a similar outcome GOOGL still has room to run up to $3937 before a correction back to its current levels around the 3.618 fib.
Sign of weakness and correction!You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
They all have 1 thing in common, price advanced at a lower volume in the past week (except AMZN), while this pattern of behavior could last for a while, in most cases, it leads to a correction!
Tesla also suffers from the same problem!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
10/31/21 GOOGLAlphabet Inc (Google) Class A ( NASDAQ:GOOGL )
Sector: Technology Services (Internet Software/Services)
Current Price: $2960.92
Breakout price trigger: $2925.00 (hold above)
Buy Zone (Top/Bottom Range): $2900.00-$2815.00
Price Target: $3100.00-$3122.00 (1st), $3390.00-$3425.00 (2nd)
Estimated Duration to Target: 10-11d (1st), 32-35d (2nd)
Contract of Interest: $GOOGL 11/12/21 3000c, $GOOGL 12/17/21 3200c
Trade price as of publish date: $33.50/contract, $24.90/contract
GOOG - The HillsSpencer and Heidi are back at it.
Spencer - Putting on some Puts:
2,850.00 @ 1,249
2,800.00 @ 1,775
Heidi - Spreading Calls
The better 1/2 of the Duo
has bought Calls, in large Q's
to 3.000.
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Someone is going to lose Biggly this week.
FXCM FAANG Basket Moves Into Bullish Stack On the DailyThe above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that the rest of the FAANGs (FB, AAPL, AMZN, GOOG) will report this week. Following their respective releases we will assess the basket's EMAs and their angle and separation. If these develop, it will be regarded as bullish, suggesting that a possible bullish momentum push may be underway.
GOOG sold by ARK InvestOn October 20, ARKQ, part of the Ark invest fund lead be Cathie Wood sold 1,858 shares of GOOG, for a total value of 0.2031 of its portfolio.
Most of the time, when Ark starts a sell, it tends to continue it for multiple days.
Was this the top for Alphabet?
My price target is the 2700usd support.
I`m looking forward to read your opinion about it.
Higher volatility expected in the coming days!A good analyst always has at least 2 scenarios..!
A temporary pullback or a reversal?
The answer to this question is waiting for the coming days!
What is a Pullback?
A pullback is a pause or moderate drop in a stock or commodities pricing chart from recent peaks that occur within a continuing uptrend. A pullback is very similar to retracement or consolidation, and the terms are sometimes used interchangeably. The term pullback is usually applied to pricing drops that are relatively short in duration - for example, a few consecutive sessions - before the uptrend resumes.
A pullback is a temporary reversal in the price action of an asset or security.
The duration of a pullback is usually only a few consecutive sessions. A longer pause before the uptrend resumes is generally referred to as consolidation.
Pullbacks can provide an entry point for traders looking to enter a position when other technical indicators remain bullish.
What Is an Outside Reversal?
An outside reversal is a price pattern that indicates a potential change in trend on a price chart. The two-day pattern is observed when a security’s high and low prices for the day exceed the high and low of the previous day’s trading session. Outside reversal is also known as either a bullish engulfing (after a downward price move) or a bearish engulfing pattern (after an upward price move) when observed on candlestick charts.
Outside reversal is a two-day price pattern that implies a reversal if it runs counter to the existing trend.
The first day is typically a small range day and the second is a larger range day.
This pattern is known as an engulfing pattern in candlestick studies.
A bearish outside reversal also called a bearish engulfing, transpires when the second candle is moved lower. For instance, a stock may have a small move higher on the first day, climb even higher the second day, but then sharply decline by the second day’s end. This demonstrates that the bulls had control over the market before the bears took the reins in a meaningful way, signaling a shift in the overall trend.
Reference Article:
www.investopedia.com
www.investopedia.com
These 10 stocks just cleared the cloud out of 100+ stockswww.tradingview.com
This is the Watch List for all 10.
They all have cleared the cloud and closed Green. Some have the potential to dip to find support. However , some like this one MP looks ready from right here. All have Green Clouds that are moving up. Some however have some deep slopes of previous Red Clouds that they just worked there way through. I marked every stock on where I found it crossing out of the cloud. This way we can track its movements from the point of interest to better tailor what to expect once it pops the cloud.
AMZN
GOOG
NFLX
COST
BBY
SPOT
MP
OCGN
XPOA
TWTR
A weak recovery..!In the past 3 days, we see higher closes in the market and most tickers have finished the past 3 days greenish!
But looking at volume and compare it to the past week's average clearly shows the weakness on the buyer's side!
More neutral days could be the most probable scenario in the coming days!
AAPL, MSFT, GOOG, AMZN, and FB have seen higher prices at lower volumes..! which is not a bullish sign!
Waiting for better entries could be a good choice!
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Google, 7 OCT - Elliott waves | Gann | Astrology $GOOGAlphabet, as expected, bounced off the 20 week MA (in red), and we closed longs at Gann level 2651. But the count hints at more downside in the mid-term.
Since the ATH, price declined in ABC patterns, so that we can assume a WXY or a complex ABC is unfolding.
If correct, sellers may step in at the 20D MA again. A possible area is the blue box (.618 to .786 Fib).
Ascendant conjuncts natal Jupiter on 9 OCT. The following trading days 11-12 OCT have higher probability for bearish price action. We may watch out for an expansion of volatility again. A short idea could be interesting at that point, however needs further confirmation.
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www.constellations.trade
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.