Google (GOOGL) | The best area to buy🔥Hello traders, Google in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on our investigations of this share, we found that the first wave 1 and 2 are over and the wave we counted is part of wave 3.
We assume that the counted wave was wave 5 of wave 3 or wave 5 of wave 3 of wave 3.
In the count we did, waves (1) and (2) are over and wave 3 microwaves are forming.
From wave 3, waves 1 and 2 are completed and now the structure of wave 3 is completed.
From this structure, a wave 4 is confirmed by the break of the trend line , which is likely to end on Fibo 0.38, and the climb for wave 5 from 3 to Fibo 2.27, ie the price of 3000, will start slightly above the current peak.
And then we have the descent for wave-4, we did not consider a field point in this analysis.
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GOOGL
$US30 will previous support become the new resistance?*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$US30 brief update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team does not expect this trade to fill the gap down to the bottom of the green bar by Monday as charted, but anything could happen. For the most part all of our expectations for $US30 are being met.
We expect nothing but further bearish indicators beginning in the month of January.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Long GOOGL @ 2942.53Long one @ 2942.53 today. Price has crossed the red line upwards, while taking out the 2925 fractal (which is valid as it is above the 2919 red line). AO is below the zero line, which shows good energy build up for a possible upward move.
Stop loss will be a close below the red line, so risk is limited.
Adding 5 if price takes out the 3019 fractal, or any other Williams signal.
Weekly has taken a rest and it is still above the red line, so it is not against the daily momentum.
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.
$GOOGL | WEEKLY WATCHLIST 11/1I alerted a Google long debit spread last week and those printed in the end of the week! Expiration is this Friday so please take caution. Looking to potentially roll profits into a new position depending on how price action looks early in the week. An amazing breakout and reclaim of the longer term daily channel.
Last week, I said it was KEY that we get a daily candle close above the previous ATH level of $2925.04 which we did get. Looking for continuation this week to reach my wave 3 target of $3032 before a short wave 4 retracement and 5th wave higher. Really loving this setup as this leads big tech.
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
3 ATHs in 1 Week - $GOOGL, $TSLA, $AMD $GOOGL, $TSLA, & $AMD all reached ATHs in 1 Week
$GOOGL - Alphabet
Reported Q3 FY21' earnings yesterday & hit an ATH of $2,925.08/share on 10/27/21
Alphabet is up 66.85% YTD
Returns since IPO in Aug 2004 - 1,670%
Decades of dominance by $GOOGL - along with their record-breaking recent Q3 FY21' earnings & updated Q4 FY21' estimates...
I continue to have a long position on $GOOGL in the long-term
$TSLA - Tesla
Reported Q3 FY21' earnings earlier this week with EPS of $1.86/share beating estimates & Revenue of $13.8B missing estimates
Reported an ATH of $1055.58/share on 10/27/21
Tesla up 47.07% TYD
Returns since IPO in June 2010 up 21,621% (yes thats correct - in 10s of thousands)
Reported 241,300 vehicle deliveries up 73.2% YoY
Plans to achieve 50% vehicle annual growth in vehicle deliveries over a multi-year horizon
Not sure my thoughts on $TLSA even as an owner of shares - with the current state of the supply chain, energy & it's rising costs, ESR movement, & clean energy it's hard for me to say "I absolutely LOVE $TSLA" or "Buy it Now!" - However, I do believe EVs are the future and am very long $TSLA for a long-term investment
$AMD - Advanced Micro Devices
Hit an ATH of $128.30/share on 10/25/21
Reported Q3 FY21' earnings earlier this week with EPS of $0.73/share beating estimates & Revenue of $4.31B beating estimates
Revenue of $4.31B +54% YoY
Advanced Micro Devices up +33.33% YTD
Returns since IPO in Oct 1979 - +3,689%
Q4 revenue estimates raised to $4.6B
Very positive outlook overall - including large raises in Q4 earnings estimates, but also a very volatile stock - given its sector, volume in number of shares traded, % almost "meme" stock status, I am long $TSLA for a long-term investment
Post 10/26 Q3 FY21’ Earnings Analysis$MMM, $AMP, $GOOGL, $GE, $AMD, $COF, $HAS, $V, $TWTR, $UPS, $RTX, $NVS
$MMM - 3M - reported EPS of $2,45/share - beat estimates of $2.21/share - revenue of $8.94B +7.09% YoY
Organic local-currency sales up 6.3% YoY
Operating CF of $1.9B
Adjusted FCF of $1.5B (20%) YoY
Returned $1.4B to shareholders in dividends
Industrial FCF tops estimates
Narrows FY21 EPS outlook - trims full-year earnings view on supply chain challenges
Down (0.09%) after hours
$GOOGL - Google Alphabet Class A - reported EPS of $27.26/share - beat estimates of $19.89/share
Revenue of $53.62B
Top Line growth of 44%
Ad Revenue of $53.13B up 44%
Revenue from Cloud Division of $4.99B up 45%
Reported a $188M gain on investments up 623.1% YoY
Down (0.22%) after hours
$GE - General Electric - reported EPS of $0.57/share - beat estimates of $0.24/share - revenue of $18.43B down (0.5%) YoY
Improvements in FCF performance & growth in earnings - despite weakness in revenues
Bottom Line up 50% YoY
Sales suffered from weakness in Healthcare & Renewable Energy segments - partially offset by gains in Aviation
Organic & Industrial Revenues down (1%) YoY - Aviation Revenues up 10% YoY
Up +0.01% after hours
$AMD - Advanced Micro Devices - reported EPS of $0.73/share - beat estimates of $0.67/share - revenue of $4.31B up 54% YoY
Adjusted Gross Margin of 48% - in line with estimates - up 44% YoY
Capital Expenditures of $85M
Computer/Graphics segment revenue of $2.4B up 44% YoY
Q4 revenue estimates raised to $4.6B
Down (0.41%) after hours
$COF - Capital One - Reported EPS of $4686/share - beat estimates of $4.99/share - revenue of $7.83B +6.1% YoY
Earnings Surprise of 31.42%
Beat consensus EPS estimates past 4 quarters
Revenue rise reflects loan growth
Net credit card charge-offs improved in Sept
Down (4.01%) after hours
$HAS - Hasbro - reported EPS of $1.96/share - beat estimates of $1.70/share - revenue of $1.97B +10.88% YoY
Operating Profit of $367.9M up 9% YoY
Adjusted Operating Profit of $389.6M up 6% YoY
Net Earnings of $253.2M up 15% YoY
Adjusted Net Earnings of $271.2M up 5% YoY
Supply chain challenges weigh on top line
Further reduced debt & maintained a strong cash position - repaid $400M of debt & funded quarterly dividend
Up +1.46% after hours
$V - Visa - reported EPS of $1.62/share - beat estimates of $1.53/share - revenue of $6.56B up 27.45% YoY
Earnings Surprise of 5.88%
Surpassed consensus EPS estimates past 4 quarters
Announce boost in quarterly dividend
Down (2.60%) after hours
$TWTR - Twitter - reported EPS of ($0.54) - missing estimates of $0.02/share - revenue of $1.28B up 37% YoY
Reported a net loss of ($537M) vs. $29M in FY20' due to a legal settlement - does not expect to recoup the full revenue loss
Ad Revenue rose more than 41% YoY to $4.14B up 6% YoY
Number of Monetized users grew by 5M - user base up 13% YoY
Apple's privacy changes to iOS 14 has less of an impact than expected
$UPS - United Parcel Service - reported EPS of $2.71/share - beat estimates of $2.55/share - revenue of $23.18B
US Domestic Package Revenues of $14.2B up 7.4% YoY
Bottom Line up 18.9% YoY with strong performance across all segments
Top Line up 9.2% YoY drive by up beat demand for e-commerce related package deliveries
Operating Profit of $2.97B up 23.4% YoY
Up +0.52% after hours
$RTX - Raytheon Technologies - reported EPS of $1.26/share - beating estimates of $1.08/share - revenue of $16.2B up 7.7% YoY
Sales of $16.2B - missing estimates of $16.9B - up 9.9% YoY
Operating Profit of $1.3B - up 209.5% YoY
Bottom Line up 125% YoY - attributable to higher YoY revenues & operating profit
Newly disclosed quarterly dividend paid $0.51/share on 10/19/21 - represents a $2.04 dividend on an annualized basis
Down (0.46%) after hours
$NVS - Novartis - reported EPS of $1.71/share - beat estimates of $1.64/share - revenue of $13.03B up 6.2% YoY
Net Income of $2.76B up 43% YoY
Net Sales $13,03B up 6% YoY - volume contributed 9 percentage points to sales growth
Down (1.38%) after hours