GOOGL
TESLA : PRICE ACTION IN DAILY TMF , PRICE IS GROWING ! 🔔🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : ABCD PATTERN IN BULLISH TREND
Good trading at everyone!
Bull flag on weeklyCongrats if you survived last weeks blood bath! We have had BTD (Buy the dip) scenario after every pull back for 4 years. Last week was not buy the dip.
The reacted expecting higher interest rates to weigh on stock prices by making bond investing more comparatively attractive. The 10 year treasury note hit a high of 1.55%. FOMC decision is March 17th. Now, Google finished last week +3.7% and best out of the FANG stocks. 1.9 Trillion Stimulus was passed on saturday, so keep an eye on GOOGL.
TWTR to 100! Narrative change will leads to a high valuation As the only social media stock lagging behind all these years, this is TWTR's year.
A large cup and handle pattern is finally breaking out. The first major target is 100.
The catalysts could be paid service (it is the most sought after platform for knowledge-based marketing, clubhouse, and revival of periscope into mini tiktoc). Those incremental services would launch TWTR into a new valuation sphere.
Using meaningful pullbacks to add positions and sell PCS at support.
Long TWTR into Earnings, Using Pull back to Add PositionsTWTR is likely to report a somewhat mixed quarter but monetization is likely to be good and a few new strategies could also excite investors.
Stock is clearly on an uptrend and being bought on any dips. The company for all its misgivings remains one of the most valuable properties of social media yet remains undervalued compared to most other tech majors. It is also the platform that has the most potential for incremental improvement.
The plan is to do PCS and long shares and sell ATM calls, a somewhat conservative strategy for being bullish.
Elliott Wave View: Alphabet (GOOGL) Impulsive Rally IncompleteShort Term Elliott Wave view in Alphabet (ticker: GOOGL) suggests the rally from December 21,2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave 1 ended at 1788.57 and pullback in wave 2 ended at 1696.10. Wave 3 higher remains in progress as another 5 waves of lesser degree. Up from wave 2 low at 1696.10, wave ((i)) ended at 1801 and dips in wave ((ii)) ended at 1711.65. Stock then resumed higher in wave ((iiii)) towards 1932.08 and wave ((iv)) pullback is proposed complete at 1859.16.
The stock still needs to break above wave ((iii)) at 1932.08 to avoid a double correction in wave ((iv)). Near term, while pullback stays above wave ((iv)) low at 1859.16, and more importantly above 1711.65, expect the stock to resume higher. If the stock breaks below 1859.16, then it’s doing a double three (w)-(y)-(y) and should find support at the next extreme area in 7 swing. As far as wave ((ii)) pivot low on January 16 at 1711.65 remains intact, expect dips to find support in 3, 7, or 11 swing for more upside.
NASDAQ Macro View#NASDAQ Macro View: History doesn't repeat itself but it often rhymes. Here we are in the last phase of the bull market, the blow off top. The gains seeing during this phase are unrealistic and a greed trap to get as many people in the market as possible at the top. The ultimate formula being a huge wave of new retail investors that aren't super educated in markets and unprecedented amounts of leverage.
With my predicted deflationary bust later this year, into 2022, I am seeing a potential drop of 80% in the index from the top. This would back test a major level of resistance from the dot com bubble and 2016.
If you have bought in the last few years and don't plan on taking profit along this phase, there is a high chance you will either sell at a major loss when your loss can't be managed anymore or you will be bag holding for a decade+ waiting to BREAK EVEN.
Big tech has pretty much stayed dormant since September and now appears to be breaking out to drive the indices higher for this last vertical leg. Highly advised to take profits and raise stop losses along the way.