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Google (Alphabet)

A Closer Look at the 6 Giant Tech..! CORRECTION phase!I believe when you compare the charts together it will help you to have a better idea of market sentiment. In this analysis, I put the 6 Giant tech companies which have the highest market cap together, so my followers could have a better and more clear understanding of the new sentiment in the stock market. It is crystal clear after March 2020 we had experienced an incredible market, but since Feb 2021 it seems the market entered a CORRECTION phase and it is obvious in the charts. 1- Apple: closed below: 50 EMA, closing price of 2020, and more than 10% away from its top. LOWER HIGH-LOWER LOW pattern 2- Microsoft & Alphabet: in Trendlesss Zone in the last 2 trading weeks 3- Amazon: closed below 2020 closing price, lower high pattern, and bearish ladder candle. 4- Tesla: after breaking a trendless zone from the downside experiencing lower trading volume every day. Jan 8, 2021 trading volume 75 million decreased to 18 million in the last trading day. 5- Facebook: closed below 2020 closing price, and below its 50 EMA. * Interestingly, financial metrics in most of them improved in their last report. ** This doesn't mean we will not experience 1-3 day positive moves, be careful with options trading! *** This analysis could be a roadmap for short-time traders, and the story could be different for long-term investors. Please leave your comments below if you think you have evidence contradicting this article. Moshkelgosha
NASDAQ:TSLA
by Moshkelgosha
13
The Tesla Bubble and why P/E Ratio's MatterTesla is high by any standard value or technical view. Here I use the PE ratio as compared to TSLA, AMZN, AAPL and GOOGL and a super stock I am going to call "Amagoogle" to demonstrate just how overdone I think Tesla is. To summarize, I will show: How relative P/E (Price to Earnings Ratio) compare. Growth stocks typically have very high PE ratio's , mature industries like utilities and consumer staples tend to be on the lower side. For a benchmark, the S&P 500 PE right now is 37.97 with it's all time high spike at 123.73 and it's low at 5.31. The average is 15.88. Telsa's is currently 1,637 ! www.multpl.com If Tesla had Alphabet's earnings but maintained it's current PE, it would have to trade at $84,708 PER SHARE If Tesla had Apple's very high PE, it would be trading at $45.50 per share. If Telsa had a double whammy of Alphabet's great EPS AND Apple's arguably very high PE, Tesla would be at $4,709 per share - but that would mean a growth in earnings of 103.58 TIMES. Book recommendation to help avoid these scenario's: read.amazon.ca Happy Trading! Rob
NASDAQ:TSLA
by rbarnesy
4
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? Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> seba26-77 --------------------------------------------------------------------------------------------------------
NASDAQ:GOOGLong
by TradingShot
1