GOOGL
AMAZON is close to Resistance structure, price to fall(-10%)AMAZON
The price is close to resistance structure, If price shows rejection from the resistance then price will provide a nice short opportunity..
Push LIKE & SUPPORT the Idea...
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$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.
$GOOGL Alphabet Channel Targets
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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.
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
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.
TSLATesla's revenue declined 3.3% quarter over quarter. Excluding regulatory credits its revenue declined 4.6% QoQ.
So, excluding record ZEV credit sales of $518m & $101m in Bitcoin sales, Tesla generated a Q1 operating loss of -$25m.
There's also trouble in China (worlds largest EV market) for TSLA that hasn't been priced in. The CCP is actively promoting a boycott of TSLA on Chinese social media.
US Stock In Play: $GOOGL (Alphabet Inc)$GOOGL successfully attained its projected $2,350 target that was previously highlighted early this month, closing at $2,415 post market hours. This equates to an accumulated return of +14.44% in 19 trading days, since the breakout of its consolidated triangle chart pattern.
With existing implied volatility of $GOOGL remains below the $70/day ATR prior to the triangle formation, it is plausible for further momentous price volatility in the stock as we enter into the month of May.
$GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments.
US Stock In Play: $GOOGL (Alphabet Inc)$GOOGL broke out of its trendline resistance this week, with an accumulated gain of +8.03% in 3 days. The breakout of $GOOGL comes after a full month of whipsaw that is witnessed on its 20DMA, along with a congested price action that is displayed within a Symmetrical Triangle chart pattern.
$GOOGL currently closed at $2239.03, with a display of a bullish flag formation targeting towards $2,350 level.
$GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments.
The stairway to profits. All reopening roads lead through GOOGLFrom the the whole year of 2020 Google didn't really keep up with its peers(even though 26% is awesome in my book)
I think we have a pretty good break out here, we have well defined support lines if it turns out to be a soft break out. I got into some calls expiring May 21, the position is already up 29%, gonna sell half at 33% and the rest I'm gonna let run. Feels like a lot of momentum on this name. The position has moved very fast, beware only invest what you don't need right back, get a number in mind and stop out. Always feels good taking profits, still trying to figure out how to let them run more. Thanks folks!
Long TWTR, 1st Target $70 Monopoly and better Monetization PCS is preferred and also long shares sell some out-of-money-covered calls.
the lower study just turned and has much room to go up.
Compared to the market in large, TWTR is very cheap and has better growth prospects than most, hence a compelling risk-reward play.