Get started

GOOGL

PINS - Momentum in social media sectorAlright traders, PINS reports earnings thursday 7/29. I really like the PINS setup because the RSI has more room to run on the daily and weekly charts. SNAP and TWTR both recorded good ER's, FB reports on wednesday. More time was spent on social media apps, due to Corona virus...pretty simple. Options flow - There are over 6000 $85 calls sitting in OI, put/call ratio is at .86. There is alot more open interest in the August ATM calls. The short interest is only 3.9%, finviz.com *There is an FOMC decision on wednesday, so that may impact markets. Play the earnings run up and sell before earnings. GL!
NYSE:PINSLong
by hockeysniper
$GOOGL continuing bull run through end of year?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* *I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.* Google ($GOOGL) is a company I will *probably* be holding for at least the next five years. This global technology powerhouse has been on a rampage this year, going up nearly $1000 in share price since the beginning of 2021, when the company still held a mighty impressive $1600 share price. They currently appear to have two bullish trends active, one long term starting in March of 2020, as well as a bullish trend started in January of this year. Google is a global phenomenon, touching every country in the world; that in itself is a powerful intangible asset. This paired with their ability to smash estimated earnings on a quarterly basis, Google is the benchmark for success in the industries they touch. If entry is secured in this price range, someone could see Google run close to 25% by the end of the year. Our price points are as follows: ENTRY: $2520 STOP LOSS: $2300 TAKE PROFIT 1: $2800 TAKE PROFIT 2: $3100 Be sure to follow me @bigshotrob for future updates and posts. Check out my team over at @SimplyShowMeTheMoney Members of our team are followed there.
NASDAQ:GOOGLLong
by tradebuckets
1
This is ALL you need to be Profitable in TradingGood morning traders! Today we will make an educational post about something that generates many doubts in many people: That is, what are the tools that I should use to trade correctly? Do I need indicators? do I need extremely complex strategies? The answer is DEPENDS. Why does it depend? It depends because there are many ways to see and trade the market, and just as there are thousands of traders, so there are also thousands of strategies since there are many ways to combine the different tools that we have. That said, it is worth clarifying that this post is made 100% from our experience, and the objective is not to discredit or downplay other trading methods. This is simply what we use, and for a long period of time, it has served us well. We will divide this post into two parts, first, a theoretical explanation of each tool, and second, show how we apply the previously explained concepts. 🔸Price action: This is the first concept that we must cover since it incorporates everything in a certain way. The price action, basically, is the behavior of the price. Depending on the market situation (trend, either bearish or bullish or in range), we may see different price actions. The technical analysis starts from the basis that the price action discounts everything necessary to decide on an asset; therefore, everything that is happening, the price is transmitting in its behavior. For example, if the price is in strong support, and we see that a candle with a lot of volume appears, and it forms a candlestick pattern (suppose bullish engulfing), clearly the price action tells us that there is strong buying interest. This applies to all scenarios; we can also consider a breakout of a structure or correction that closes with a strong candle above the previous high, and so on with infinite cases. Example of price action in support (real situation in USD / CAD in Weekly Chart): 🔸Trendlines/channels: This will be a determining tool when defining a trend. Depending on which market or timeframe we trade, we will see more or fewer trends, but they are a very comfortable visual way of marking them. In the case of an upward trend, the concept is based on joining the increasing lows with a line and the same with the increasing highs. Same situation for a downtrend, but with the highs and lows in reverse. The price tends to respect these lines very well, bouncing off them every time it touches them. Example of trend lines in channel form in EUR / USD Daily Chart (Real example): 🔸Support / Resistance Zones: The Support and Resistance zones are horizontal and static supply and demand zones. As we saw previously in the trend lines that the price reacts (these are considered dynamic supports and resistances since the value changes as time progresses), the same thing happens here, since they are specific places where there are many buy or sell orders. The key is to wait for a reaction in the price in that area to confirm the movement. When the price moves for a long time between support and resistance, we can say that it is within a range. This usually happens after periods of a powerful trend, where the price begins accumulation/distribution consolidation processes that last a long time. Here, we have an example on Amazon (AMZN): 🔸Corrective Patterns: This is a particular concept since it is focused on momentum/trend traders. This trading style is characterized by taking positions that are always in favor of the trend, and corrective patterns are an exciting time to join the movement. These patterns happen after impulses; if we have a strong upward movement, then once the price starts to retrace, it will form a correction pattern in the opposite direction of the trend. They are very useful to be able to join the next trend. Real example on Facebook (FB): 🔸Risk Management: The basic idea of ​​risk management is to be able to earn as much as possible but always keeping losses as low as possible, and of course, avoid destroying an account. It is very common to see traders who try to "duplicate" accounts or obtain exorbitant results in very short periods of time. Is this possible? Of course, YES, but we must ask ourselves whether this is functional in the long term, and the answer is NO. OBLIGATORY, if we take high risks, we will lose a lot of money after a certain period of time. This is very simple, trading is a game of statistics, and streaks exist either for better or worse. There are certain basic rules, such as the % risk of the total capital in each trade. For example, if we have an account of $10,000, a conservative and correct risk to assume, it would not be more than $300 per trade, which implies 3% of the total capital. We recommend risking that value as much as possible, and even the optimum is a little less. We handle ourselves with risks between 1-2%. Assuming real situations, there are bad streaks of trades that can reach 10-15 consecutive negative trades. Assuming a risk of 2% per operation, we would have a maximum loss of capital of 30%. In this way, we can stay in the game for the long term. Never forget that capital is the raw material of labor, and rule number 1 is NOT TO LOSE IT. 🔸Psychology: When it comes to trading, thousands of emotions appear that go through our heads, both positive and negative. We will feel fear, euphoria, anxiety, greed, depression, excitement, happiness, and infinite emotions depending on the situation in which we find ourselves. The objective of working on psychology is, obviously, to reduce these sensations, but more importantly, it is to ensure that they do not affect us in our daily work. In the end, we are human, and we will always feel emotions, but the goal is that they do not negatively influence our trading. In the first place, to reduce negative emotions, we must necessarily know perfectly the statistics of the strategy that we are carrying out. This implies knowing what your return is, what period, maximum loss, how long it will take me to recover it, etc. On the other hand, it is necessary to perform a backtest to know how it behaved over time and if what I see at the moment is correct. In this way, we will have peace of mind when operating. We must never forget that this is a business, and expectations must be long-term. Do not measure the result in days or weeks. Look at it in months, quarters, or years. In this way, the results will be more representative. 🔸With the concepts explained, we will see how we can unite them all to take a trade. Although they are all useful, individually, they do not serve us to take a trade. We must unite them in an organized way to use them to our advantage. We will show you some positions we have taken over the last few months (some already closed, others active). Bullish Trade on INTU: In this trade, we see a clear uptrend. The price, after making a maximum, was consolidating for a few months. We detected a clear corrective pattern and took a bullish position once it was broken to the upside. The entry was above the previous high, the stop loss behind the low, and the target in the Fibonacci extension (this concept is not explained, but we can make an informative post later if you want). The risk assumed was 1% of the capital, with a potential gain of +2.5%. The position is open but near the take profit. Bullish Trade on FB: Similar scenario to the previous one. Price builds bullish momentum and then corrects. We operate the correction breakout, assuming a risk of 1% with a potential gain of +2.4%. Bullish Trade on FB (short-term): This is a trade that we take in addition to the previous one; it is an internal trade. Here, we also incorporate the concept of support/resistance. There was a broken resistance to the upside, and then the price generates a throwback (retest). This setback forms a corrective pattern, which gives us a good opportunity to enter the market—assumed the risk of 1% with a potential gain of +2%. Bullish Trade on GOOGL: In this trade, the price breaks the upper end of the bullish channel and begins to correct at the edge. We see a clear consolidation, and we trade the bullish breakout. This trade is already closed with a profit of +1.75% with an assumed risk of 1%. Of course, not everything is so nice, and there are also stop losses. Bullish Trade on TLRY: In this trade, the price breaks the descending trendline and the resistance zone (then support). It generates a corrective structure, and we take a bullish position at the break. The price was a bit in our favor, but then everything turned against us, and we jumped our stop loss. 🔸 This is a small sample of certain technical analysis concepts and how they can be applied to the market. There is no complex science here, no confusing indicators. Simply clear trends, trade-in that direction, and interesting profits with limited risks. That's all it takes to make money on this.
BITSTAMP:BTCUSDEducation
by ThinkingAntsOk
3
$GOOGL ATH!All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it will continue running. Early morning flows and market close flows are telling of the bullish bias that whales have on GOOGL. Those sweeps targeted the 2430 weeklies at open and the 2435 towards close.
NASDAQ:GOOGLLong
by Modus777
Elliott Wave View: Impulsive Rally in GOOGL (Alphabet)Short term Elliott Wave view suggests Alphabet (GOOGL) ended wave 4 pullback at 2191. The stock has since turned higher but still needs to break above previous wave 3 peak on April 28, 2021 peak at 2431.38 to rule out a double correction. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 2256.68 and bounce in wave ((x)) ended at 2373.89. Final leg lower wave ((y)) of 4 ended at 2191. Up from wave 4 low, wave (i) ended at 2236.78 and pullback in wave (ii) ended at 2206.72. The stock resumes higher in wave (iii) towards 2284.72 and pullback in wave (iv) ended at 2255.51. Final leg higher wave (v) of ((i)) ended at 2307.68. Correction in wave ((ii)) is proposed complete at 2223.38. Stock extends higher in wave ((iii)) as another impulse in lesser degree. Up from wave ((ii)) low, wave (i) ended at 2321 and dips in wave (ii) ended at 2289.30. Wave (iii) ended at 2384, wave (iv) ended at 2355, and final wave (v) higher ended at 2390 which completes wave ((iii)). Wave ((iv)) pullback is currently in progress to correct cycle from May 19 low before the rally resumes. Near term, as far as May 19 low pivot at 2223.38 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
NASDAQ:GOOGL
by Elliottwave-Forecast
GOOGL : RESET / POSITION TRADETo sum up everything, GOOGL is a great business. Search is wonderful, and provides a continuous tailwind for the business. There's very little that can stop GOOGL, including competitors and the government. My favorite reason to own GOOGL is its huge pile of cash, which provides a tremendous margin of safety, to weather any storm. That cash also offers wonderful optionality, including the possibility of buybacks. Personally, I'm a buyer up to $2K. Source : John Rhoades, SeekingAlpha seekingalpha.com
NASDAQ:GOOGLLong
by TradingMavericks
2
How is life going for the big 5? FB/AAPL/AMZN/GOOGL/MSFTToday, we will look at the 5 major companies from the S&P500, and we will check how everything is going for each of them. Our first analysis starts on Facebook. After breaking an ascending channel that comes from 2014 and a huge corrective structure on the edge of it. We observed a clear breakout, and currently, the price is very close to making a new ATH. Using Fibo extensions of the biggest corrective pattern, we can create two targets. We are getting close to the first one, and we have a long trip towards the 2nd one. APPL time. The price has been ranging since august 2020 without providing clear signals of the future direction of the price. By the moment, we can define a clear range, a broken descending channel, and a possible bearish corrective pattern (ABC). The real direction of the stock will be defined once the support or the resistance is clearly broken with a Weekly Candlestick. MSFT time. We are inside a clear ascending channel with multiple corrective patterns that have been broken, making new Higher highs and new higher lows. Using Fibo Extensions on the Massive corrective pattern we can define two targets. The first one has already been reached. The other one is far away yet. However, we expect a bullish movement after the breakout of the last ABC corrective pattern. AMZN time. As well as APPL, amazon has been ranging since September 2020. A few weeks ago, we had a breakout of the massive structure. However, we dint observed a new bullish movement. So, we are in the range again. This analysis was activated for us, and we have an invalidation level below the structure. IF our view is correct and a new bullish movement comes, we should see something proportional to the current correction, which means targets on the first and second fibo extension. Finally GOOGL. The price has broken an ascending channel and currently is above. Here we have two scenarios either the price is extremely out of boundaries which means a re-entry to the broken channel. Or we are in the middle of a new acceleration. As we can see, we had several corrective patterns, and every breakout meant a new higher high and a new higher low. Following that logic, we draw two targets using fibo extensions on the last corrective pattern. We can see a final target at 2700. If the analysis does not go as expected, we can define an invalidation level below the structure. Thanks for reading! We would love to see your daily view of these 5 big companies.
NASDAQ:META
by ThinkingAntsOk
1