GOOGL
QQQ & Nvidia Stock Rising Wedge Resistance | CPI | GOOGL Event - NASDAQ:QQQ rising wedge pattern hitting resistance top this morning,
- NASDAQ:GOOGL 's AI event helped market bounced off todays intra-day low
- GOOGL talked about NVDA a little in its event making NVDA pop a little bit
- NASDAQ:NVDA also close to its top of the rising wedge
- CPI came in 4.9% estimate was 5% so came in slightly cooler
- PPI and jobs data tomorrow 8:30am EST
Google-> BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NVDA AAPL AMZN GOOGL MSFT VIX QQQ Support & Resistance Guide- NVDA MSFT AAPL all near its key resistance levels
- VIX likely setting a daily higher low and may bounce from here due to it being in historic lows
- VIX is inverse of the market
- CPI Data Wednesday May 10th 5:30am PST
- PPI Data May 11th 5:30am PST
Alphabet (Google) Ready to break up above the brim to $124.00Cup and Handle formed on Alphabet Inc.
The price action before that played to the Letter (no pun intended).
And now we are seeing a gradual increase in demand (buying) with the price ready to break above the brim level.
7=21
Price>200 - bullish
Target $124.00
SMC:
Sell Side Liquidity Order block has formed below the handle of the Cup, showing Smart Money coming in sweeping the selling side and buying into it, hence the upside over the last few days.
ABOUT
Alphabet Inc. is an American multinational conglomerate that was created in 2015 as a holding company for Google and several other subsidiaries.
The company's primary subsidiary is Google, the world's most popular search engine.
Alphabet is headquartered in Mountain View, California, USA.
The company's founders are Larry Page and Sergey Brin, who are also the co-founders of Google.
Alphabet has a market capitalization of over $1.5 trillion (as of April 2023).
Google is responsible for developing some of the most widely-used software products in the world, including the Android operating system, Google Maps, and Google Drive.
The company generates most of its revenue through advertising, with over 80% of its revenue coming from Google ads.
Alphabet has over 200,000 employees worldwide and is known for its unique company culture, which emphasizes innovation and collaboration.
The company is committed to sustainability and has set several ambitious goals, including a goal to operate on 100% renewable energy by 2030.
Alphabet is one of the largest technology companies in the world and is a member of the prestigious FAANG group of companies (Facebook, Amazon, Apple, Netflix, and Google).
The company is also a major player in the cloud computing industry, with Google Cloud Platform being one of the leading cloud computing services in the market.
Alphabet is known for its extensive research and development activities, with the company investing heavily in areas such as artificial intelligence, machine learning, and quantum computing.
The company is also active in the self-driving car industry through its subsidiary Waymo.
GOOGL Alphabet Options Ahead of EarningsI you haven`t sold GOOGL here, to buy it cheaper later:
Then analyzing the options chain of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the $106.5usd strike price Calls with
an expiration date of 2023-6-16
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
GOOGLE Ahead of a 1D Golden CrossAlphabet Inc (GOOGL) is about to form a Golden Cross on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). This is a very bullish pattern, that can be enough to break above the Channel up pattern that the stock has been trading in since the November 03 2022 market bottom. In that case we will target Resistance 1 at 122.50.
If however we get a candle close below the 1D MA200, we will sell towards the bottom of the Channel Up and then buy for a 115.00 Higher High target.
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Google -> Finally The BottomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the HKEX:104 level.
You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily HKEX:107 resistance before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
QQQ Bullish Reaction to MSFT & GOOGL Earnings | Daily Downtrend|- both AMEX:SPY and QQQ confirmed Daily downtrend.
- NASDAQ:QQQ finally broke out of its 3 weeks range bearish but the AH bounce
- NASDAQ:MSFT good earnings bringing all tech stocks up
- NASDAQ:GOOGL decent pop but faded most of its gains
- NASDAQ:AMZN moving due to MSFT decent cloud report
Everything you NEED to KNOW | $QQQ & Big Tech | KEY RESISTANCE |- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA
- double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow
- most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down.
- i am more bearish here due to this kind of indecision whip saw sometimes marks a temporary top.
- Detailed Trade analysis of my NASDAQ:SOXX short (in AMEX:SOXS )
$SNOW Setting up It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.**
In the case of NYSE:SNOW ,
**puts below the 135 zone
and
calls above the 148 zone.**
However, it is imperative to exercise restraint and not rush into any day trades or swings without proper candlestick confirmation. (1-3)
It is crucial to note that impulsive trading decisions can lead to costly mistakes and result in unnecessary losses. As a trader, you must have a clear understanding of the market trends, indicators, and risk management techniques. Patience and discipline are the keys to success in the trading game, and it is essential to develop and maintain these qualities.
Additionally, having a solid trading plan in place and sticking to it can help you stay focused and avoid making impulsive decisions. This includes having well-defined entry and exit points, stop loss orders, and profit targets based on your analysis and risk tolerance.
Remember, trading is not a get-rich-quick scheme, but a long-term game of skill and strategy. With the right approach, mindset, and tools, you can become a successful trader and achieve your financial goals. Stay patient, stay disciplined, and stay focused on your trading plan, and success will surely follow.
Google -> Ready For The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.
On the daily timeframe you can see that Google stock is retesting previous daily resistance at the FWB:108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Should Investors Consider Buying Alphabet Stock ?Alphabet's stock has risen by 25 percent from its 52-week low, but the emergence of artificial intelligence ChatGPT poses a real challenge to the company's search engine. However, investors may not fully comprehend the nature of the company or overlook the reasons to invest in Alphabet's stock. Therefore, they should take a macroeconomic perspective when evaluating the company.
Despite concerns about its position in search, Alphabet has evolved beyond its advertising-funded search engine, which helped it grow to its present size. With a growing interest in other parts of the technology industry, the company has been working for years to shift away from its ad-dependent model. It is worth noting that 79 percent of Alphabet's revenue still came from advertising last year.
Nonetheless, Google Cloud has become a significant source of revenue for the company. It accounts for 9% of Alphabet's revenue in 2022, up from just over 7% the previous year. Additionally, Alphabet owns numerous companies, including Verily Life Sciences, DeepMind, and Waymo, among others.
While Alphabet allows most of these companies to operate under different brands and rarely breaks down the financials separately, investors should not be surprised if some of these companies become more prominent within Alphabet if advertising growth continues to slow.
If Alphabet's multiple companies fail to save it from an advertising slump, its balance sheet can. The company's success in advertising has made it incredibly wealthy, with nearly $114 billion in liquidity. Although that amount is down from $140 billion in 2021, the cash reserves give Alphabet considerable leeway.
Alphabet generates around $60 billion in free cash flow in 2022 alone, and therefore, even if some concerns about Google's competitiveness in search prove valid, Alphabet is still likely to generate revenue from various other sources.
Despite Alphabet's favorable macroeconomic outlook, the stock price has steadily declined amid a bear market in technology and a downturn in the digital advertising industry. The stock price plummeted to $83 a share, about 45% from its peak to its low, due to concerns about ChatGPT. Although the stock has recovered somewhat since then, it is still selling at a 30 percent discount from its high in early 2022.
Moreover, the price momentum has driven its P/E ratio down to 23, making it a cheaper stock than all of its mega-tech peers. Given Alphabet's macroeconomic situation, investors may have an opportunity to purchase its stock. Nonetheless, it remains uncertain when ad spending will recover, and ChatGPT poses a real competitive threat to the search engine.
However, even if Alphabet loses its edge in these businesses, the company has plenty of other investments and a cash reserve of $114 billion, which ensures a long-term recovery regardless of how the search and digital advertising business develops.
GOOGL Long Term AnalysisNASDAQ:GOOGL Hi guys,
So this is my analysis for GOOGL . Please bear in mind that this is a long term analysis and it could take time to play out.
As you can see GOOGL was in a clear Uptrend (Higher Highs, Higher Lows). We created ATH in November 2021 and since then price tried to break that level in January 2022 but that attempt to break it was not successful.
We created Lower High and finally in April 2022 trendline indicating uptrend was broken. Since then as you can see, price is creating Lower Highs and Lower Lows indicating we are in Downtrend.
Possible reversal zones are Monthly Fibonacci Levels and Historical Demand Zones (where people are BUYING this stock). So that is a pretty nice alignment if you ask me and this are the zones I will be looking to place some buys if we reach them.
For GOOGL to go up we need to break previous Lower High and of course a Downtrend Trendline as you can see on the chart. However, this can happen even now if this Lower Low holds and we start creating Higher Highs and Higher Lows to indicate return of the BUYERS and potential Uptrend, then we just follow the break of each Lower High from the past and that is exactly the point where you can consider taking some profit as these are the points where price is likely to make a pullback.
This is not a financial advice :)
Trade safe
Alphabet Price Prediction 2023 (LONG)Alphabet Long price prediction for end of 2023 following Gann analysis and Fibonacci retracement, as usual.
LEVELS
Conservative: 98.30 USD (+ 9%)
Moderate: 103.40 USD (+ 13.7%)
Most realistic: 107.3 USD (+ 17.9%)
High Risk ( out of Fibonacci ): 113.3 USD (+ 24.46%)
Unrealistic ( still inside of Gann ): 130 USD (+ 42.75%)
Elliott Wave View: Alphabet ($GOOGL) May Find Support SoonAlphabet (GOOGL) cycle from 1.6.2023 low ended as a 5 waves impulse with wave ((1)) at $107.85. Pullback in wave ((2)) is in progress as a zigzag Elliott Wave structure. Down from wave ((1)), wave (A) ended at 100.87 and wave (B) ended at 108.18. Wave (C) is currently ongoing with subdivision as an impulse structure. Down from wave (B), wave 1 ended at 92.26 and wave 2 rally ended at 97.68. The 30 minutes chart below shows the starting point of wave 2 as the invalidation level.
Down from wave 2, wave ((i)) ended at 96.26 and rally in wave ((ii)) ended at 97.06. Stock extends lower in wave ((iii)) towards 89.76 and rally in wave ((iv)) ended at 91.16. Final leg lower wave ((v)) ended at 88.58 which completed wave 3. Rally in wave 4 is in progress to correct cycle from 2.17.2023 high as a zigzag structure. Up from wave 3, wave ((a)) ended at 90.26 and dips in wave ((b)) ended at 89.33. Wave ((c)) higher is expected to reach 91.06 – 92.12 area where wave 4 should end. Afterwards, stock should resume lower in a marginal wave 5 to complete wave (C) and ((2)) before it turns higher. As long as the low on 10.31.2022 low holds at 83.34, the pullback should find support for extension higher or rally in 3 waves.
GOOGL:Fundamental Analysis + Possible Next Target Warren Buffett is an expert at capturing the attention of Wall Street analysts and investors. This could be attributed to the more than 3,800,000% cumulative return he has generated to his company's Class A stock (BRK.A) since taking over as CEO in the 1960s.
His stellar investment track record has enabled new and repeat investors to follow him for decades and achieve substantial returns. This is ultimately what makes Berkshire Hathaway's Form 13F filing such a highly anticipated event.
Many people who follow Berkshire Hathaway's buying and selling are presumably aware that Apple is the company's largest holding. Apple accounted for 41% of Berkshire's $342 billion in invested assets a week earlier. Apple was also one of three stocks added by Buffett and his investing team during the fourth quarter.
Similarly, Amazon has been a Berkshire Hathaway holding for the past four years (since Q1 of 2019). Oracle's prior remarks from Omaha imply that he was not the architect behind the takeover of the world's largest e-commerce company. Rather, one of his investment lieutenants, Todd Combs or Ted Weschler, was responsible for the $1.06 billion holding in Amazon.
Buffett was only indirectly familiar with the other three FAANGs - Meta, Netflix, and Alphabet - before Berkshire Hathaway and New England Asset Management released its current 13F reports. The situation has now altered.
In the fourth quarter, New England Asset Management purchased 17,100 Alphabet shares, primarily Class A shares (GOOGL).
The straightforward answer to the question "Why Alphabet?" is based on three factors: market share, cash flow, and valuation.
Let us begin with the reality that Alphabet has a complete monopoly on Internet search. Since December 2018, Google has accounted for at least 91% of global search share, according to GlobalStats. Although ad spending cycles, Google's almost 90 percentage point dominance over its nearest competitor provides it unparalleled pricing power when working with advertisers. Given how the US and worldwide economies have developed over time, Alphabet, fuelled by advertising, is the clear winner.
Second, Alphabet is a money generator, allowing it to actively reinvest in a wide range of high-growth activities. The corporation generated $91.5 billion in operating cash flow in 2022. This massive cash flow allows the corporation to expand the scope of its Google Cloud infrastructure service, which has taken almost 10% of the world's cloud infrastructure market, according to a recent Canalys analysis.
Furthermore, Google's extraordinary cash flow, along with $99 billion in net cash, cash equivalents, and marketable Alphabet securities, allows the corporation to reinvest in the streaming channel YouTube, which is the world's second most visited social site. Alphabet is currently experimenting with new ways to monetize short videos known as YouTube Shorts. Every day, more than 50 billion "shorts" are viewed!
Third, Alphabet has historically been cheap in terms of both future revenue potential and cash flow. Despite a five-year average price-to-earnings ratio of 25.4, the company is now valued at 15.5 times Wall Street's predicted earnings for next year.
Furthermore, Alphabet has averaged 18.6 times year-end cash flow over the last five years. Investors may buy Google shares right now for just 6.5 times the company's estimated cash flow in 2026, according to Wall Street's most forward-looking projection.
In other words, Alphabet satisfies all of Buffett's investment criteria.
Google - Bearish SentimentI still expect price to take out the EQUAL HIGHS at 107.88 and also fill the bearish gap. All the liquidity sitting there must be swept right up to 111.50 (order block).
Price has now taken out the liquidity at the 94.00 region.
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Patience, price action and risk management pay in the markets!!!