GOOGL - Almost ready to shortGOOGL (or GOOG) are setup to fail.
RSI is overbought.
Pattern is clearly visible and reaching failure point.
Pattern failure imminent is confirmed by RSI, MACD ready to flip, and price overbought.
Gaps to fill below.
Everything is pointing down on this chart. January 2020 looks like the end of the road up for GOOGL.
I will be re-evaluating this chart at end of December for entry, if not before.
Options are NOT cheap. But payout is outstanding if timed correctly.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY
Short SPY and AAPL
Google (Alphabet)
Google pullback coming soon ? $GOOG TD Sequential showing a Green 9 and Stoch RSI are turning bearish for Google.
Selling volume is starting to build momentum while buying volume are slowing down.
Which tells me the bears are getting the upper hand over the bulls.
We have gone up for a few days now, maybe a short term pullback is due tomorrow or this week.
FIT FINALLY DID IT & RUMOR ACTUALLY PLAYED OUTFIT stock has been one they've followed since August. It's been a tough one to stomach because of the intermittent breakouts followed by long periods of sideways or consolidation trends. The rumors were initially exciting but then concerning because we didn't really know. But happy to see they actually played out.
QUOTE:
Fitbit stock has been one of the most popular penny stocks on Robinhood since we began including it as a monthly feature.
Fitbit (FIT): Most Popular Penny Stocks On Robinhood
The Top 10 Penny Stocks On Robinhood To Watch For August
Top 10 Penny Stocks On Robinhood To Watch For September
Top 10 Penny Stocks On Robinhood To Watch For October 2019
It has also been covered in countless articles over the last few months as well. Even up until yesterday we were still asking if Fitbit is a penny stock to buy or sell . Regardless, the big news today focuses on the monster deal that Google inked with the active technology company.
ABOUT FITBIT
Fitbit Inc is a provider of health and fitness devices. The company's platform combines connected health and fitness devices with software and services. Its platform includes a family of wearable devices which include health and fitness trackers and smartwatches, enable the users to view data about their daily activity, exercise and sleep in real-time. The company software and services which include an online dashboard and mobile app, provide users with data analytics, motivational and social tools, and virtual coaching through customized fitness plans and interactive workouts.
QUOTE SOURCE: Penny Stocks To Watch: Fitbit (FIT); Readers Win Big
Analysis of GOOGLE 29.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1300.00
• Take Profit Level: 1315.00 (1500 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1268.00
• Take Profit Level: 1260.00 (800 pips)
USDJPY
A possible long position at the breakout of the level 109.05
GOLD
A possible short position in the breakdown of the level 1489.00
USDCHF
A possible long position at the breakout of the level 0.9970
EURUSD
A possible short position in the breakdown of the level 1.1070
Nasdaq - Trying to Make Another Run?As the "Trade Deal - Phase One" between the US and China comes into fruition, this piece of news could not have come at a better time for the Nasdaq ($IXIC).
With the Nasdaq brushing up against it's Monthly Resistance Level of 7879.50 (Blue Line), in the midst of an uptrend, the news of a Trade Deal between two economic giants may act as a much needed tailwind to push the index higher.
Furthermore, as we enter earnings season this week, this could be a seen as a "Wild Card", as many firms will begin to be reporting 2019 Q3 results. This will be a much watched earnings season by investors, which comes after a months of volatility stemming from the US-China trade conflict dealing a blow to the global economic environment, and investor sentiment.
The key here is that if earnings surprise to the upside (or are at least not as bad as expected), especially for key tech giants such as $AAPL and $FB, the Nasdaq would get yet another tailwind to push it higher. If not, the index could be weighed down by investors loosing faith at this level and sending the index lower.
Nonetheless, the next few days and weeks are going to be a very important test for the Nasdaq.
GOOG approaching support, potential for a bounce!
GOOG is expected to drop to 1st support at 1170.14 where it could potentially react off and up to 1st resistance at 1220.67.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GOOG long setupGOOG’s innovation outlook is neutral based on a current score of 96 out of 99, outperforming sector average. Insiders sentiment is negative. It is most exposed to LG Electronics Inc. as its supplier. Over the past 4 quarters GOOG beat earnings estimates 3 times.
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AMZN trend is dead, could collapse to 765.Just as GOOG and FB, the trend in AMZN is dead.
It's over for this growth stock for now.
Could see it decline to 1000 or even worse 765, where it would have very strong support in the form of high historical volume and probably a decade old upward trendline to resume it's mature growth trajectory.
Bearish Counter Attack on GoogleGOOGL Over the last two days printed a 2 candle pattern known as the "Bearish Counter Attack". See the linked attachment for diagram. It occurs when there is an up day, followed by a gap up open that is sold off, finally closing at the same price (or very very close) as the previous up day. As seen in image, according to this research this is a rare pattern that has produced down moves the next day 57% of the time, while an up move occurs 43% of the time. This might not seem like much of an edge, but it definitely adds up. In addition to this pattern, it appears that a short term uptrend support line was lost, then the retrace to and rejection occurred, which usually allows for a further move down. In this case I am thinking an out of the money put option is the play I like best, something like Sept 06 P1070, for sale around 100 bucks per contract. On the other hand, the 125 moving average has been respected in the past as both a support and resistance, and in this case it is sitting right on the 125. Above 1200 negates trade. Happy hunting and GLTA!! www.feedroll.com