GOOG looking to go down for some time . The market is showing many signs right now that before considering another bullish move , NASDAQ:GOOG is very likely to go down atleast to the 1276-1296 area .If it fails to bounce up from there, it might go down further to around the 1230 area before we could expect it to continue going up .(This is as long as we don't break considerably above the red line which would rather be considered a buy signal.)
Google (Alphabet)
"Alphabet: going towards our second target" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline and started its up move.
- It broke the Bullish Corrective Structure and went towards our Fibo Zones.
- Price has potential to go up towards the Second Fibo before the ATH Zone.
Daily Vision:
Weekly Vision:
Updates coming soon!
TQQQ Target:[$100.00] Target Date:[07/01/2020] ROI:[38%]NASDAQ-100 INDEX
The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Last week, the Invesco QQQ Trust (QQQ) crossed the $100 billion in assets mark, joining three S&P 500-based ETFs and a total stock market offering from Vanguard.
CFRA rates QQQ as a five-star diversified U.S. equity fund, believing it has a high probability of outperforming in the next nine months due to its low costs and high reward potential, despite slightly elevated risks.
Exposure to the biotech sector which is poised to profit from therapeutics to treat the coronavirus and future pandemics.
Analyst Ratings
Firm Name____________Rating
FactSet ________________A
Ned Davis Research _____BUY
XTF Inc. ___________10 out of 10
Morningstar, Inc.* ___ 5 out of 5
Zacks Research ______Strong Buy
Top Holdings
MSFT
Microsoft Corp
11.92%
AAPL
Apple Inc
11.19%
INTC
Intel Corp
2.97%
CSCO
Cisco Systems Inc
2.11%
NVDA
Nvidia Corp
2.04%
ADBE
Adobe Inc
1.95%
PYPL
Paypal Holdings Inc
1.42%
AVGO
Broadcom Inc
1.19%
TXN
Texas Instruments Inc
1.18%
QCOM
Qualcomm Inc
0.98%
ALPHABET ($GOOGL): Does ALPHABET Go All the Way?✨ New charts every day ✨
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Despite taking a hit on the ad side of the business, Google (GOOG / GOOGL) has had a textbook "V" shaped recovery (Or in this case, an upside down "A" recovery we could say). Can the bulls make the final push back to all time highs? One could argue the new stimulus package will have a positive effect on the markets and give this tech giant room to finish running. So let's map out a potential pathway for the bulls.
Resource: www.cnn.com + www.marketwatch.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe giving us a clear trend to look for a long setup within.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. As you can see we had a great long setup entry at S1, sadly this was missed so we can only plan for what may happen now and not worry about the past.
4. The target for this move is up though the "COVID gap" and all the way to the range created by previous highs at R4. This is good news for anyone already long.
5. If we don't see bullish continuation off this move, then there is another potential long at S2 assuming Fractal Trend gives the green light.
6. If Fractal Trend signals a downtrend (Maroon bar color), then any long positions should exit as this is seen as indecision/weakness, otherwise the bet is on GOOGL continuing its recovery.
$GOOG - GoogleGoogle 1 hr chart working on rising wedge within a nice channel being built since March lows. I would think these tech names would need to take a quick breather here soon. This would be a nice formation to fall out of and go back to test bottom channel line which would coincidentally be close to green support line. I have this as a quick short an flip to bull again at bottom channel test.
GL
#GOOGLE ANALYSIS.. COLLAPSE WILL SURELY COME.. In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Ascending broadening wedge pattern is may trying to tell us something..
Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will come eventually and oil prices were the leading indicator of this..
Actually, I wrote that passage again and again in my previous analysis, please keep these in mind, greath depression is coming..
Disclaimer: Please do your own due diligence when it comes to trading.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
$GOOG Braces for the Shock of Guiding in a Sudden-Stop WorldGOOG shares brace for a very tricky reporting process on Tues after hours.
What is there to advertise for in a world where no one is spending on anything but toilet paper and groceries?
The stock is in a wide key resistance zone around $1300. Good results may pop the cherry in that zone and then get faded.
Daily Review: GOOG, AMD, and MSFTU.S. markets began the week on a strong note, led by small caps. The Russell 2000 Index finished the day up nearly 4% while the Nasdaq 100 lagged behind notching 0.5% at the end of the session.
This week represents a pivotal point of the rally as earnings season hits full swing with big cap tech reporting this week. Some names on deck later this week are TSLA, FB, AAPL and SHOP of which I will be reviewing on later posts this week. Today, we search for some market clues with GOOG, AMD and MSFT.
Tech Flexing
It's tough to bet against tech these days. Despite a global economic shutdown, large cap tech stocks have been resilient…on the charts. It will be interesting to see how they look on the balance sheet! We begin today with Alphabet, Inc (GOOG) on a weekly view.
GOOG has staged an impressive rally off the March 23 low making up nearly half its losses from its all-time high, $1532.11. At first glance, GOOG appeared to have broken through critical long term trendline support, but after review, GOOG has found support on a trendline drawn from the 2015 lows.
GOOG is heading into 2020 earnings after delivering strong 18% increase of revenue year over year. However, there are questions on whether the internet advertising giant will be able to impress this time around. The COVID-19 pandemic has definitely had an impact on whether businesses invest in online advertising, a large share of GOOG's revenue. Whether the magnitude of the impact shows up in Q1 earnings is yet to be seen.
Overall, GOOG bulls have enjoyed the past months worth of gains. However, there is reason to be cautious going into earnings as market strength and price begin to divert while overhead weekly resistance remains. Bias: Bearish .
Technically, Beautiful
Advanced Micro Devices, Inc. (AMD) has been the semiconductor darling for over a year ever since breaking out from a year long cup and handle pattern on October 2019. AMD is now up 100% since that breakout and COULD be poised for more upside. I emphasized could on purpose, because on the weekly chart AMD is knocking into resistance at $59.27. Any break higher may also be met with RSI divergence. AMD in my opinion is a tough buy at these levels as the risk reward is not favorable going into earnings.
On the plus side, AMD is a beneficiary of being partnered with Sony and Microsoft who are both scheduled to be releasing brand new gaming consoles later this year. How these schedules are impacted by COVID-19 is yet to be seen. Nevertheless, I would not be surprised if AMD pulled back a bit before heading higher. Overall, I like the stock long term from a technical and fundamental perspective, but on the short term I'll be waiting on a dip. Bias: Bearish .
Trillion Dollar Baby
Above is the daily view of Microsoft Corporation (MSFT). Trading 8% below its all-time high, MSFT is going into earnings in potentially in a make or break position for the broad market. MSFT makes up the largest percentage weight of the Nasdaq 100 (NDX) and today the index was lagging behind throughout the trading session. Either, MSFT and big tech have run out of gas or this is a healthy pause before marching back into all-time highs.
If MSFT does pull back, there is not much support. The rally has been a straight shot up from the lows. MSFT is a tough buy here especially after the discouraging performance of the NDX at the start of the week. Bias: Bearish .
Pivotal Week Ahead
With MSFT, AAPL, GOOG, AMZN and FB all reporting fiscal year Q1 2020 earnings this week, we should get a better grasp of how the market will trade in the months ahead. We must also assume that companies will be doing their best to lay down the framework to ease in the harsh reality of Q2 earnings, which undoubtedly will more accurately reflect the impact of the global economic shutdown. Tomorrow we have Tesla, Facebook and Apple. Have a great evening!
GOOGLE - testing mirror levelthe weekly timeframe is testing 1300+-
Reminds a pattern like gold:
So far I see a sale from the level. if you have any facts that may change my opinion, please share with me).
Push like if you think this is a useful idea! - that would be the best "thank you"
"Google: after the Resistance Zone, ATH" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the bottom of the Ascending Channel and broke the Descending Trendline.
- Now, it is against the Resistance Zone.
- If it breaks it, potential to move up towards the ATH Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!