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GOOGL

GOOGL - Rejection?Hello Everyone! We have left GOOGL ready to break resistance at 1440 and fill the gap at 1478 but see what happened : price has bounced on 20 sma and break resistance, but in the end the high of the candle of 10th June was 1472....than it came back and didn't fill the gap....in my opinion this is a short term bearish signal. Yesterday Nasdaq was down 5,01% and GOOGL 4,29% breaking below its 20 sma quite easely, even if today the pre-market shows the possibility of a recovery, we have to consider that after a down day lake this is unlikely not to see new down days, than we have to be prepared that the price will possibly find a sort of support at 50 sma or lower around 38,2% Fibonacci level at area 1290 which was previously resistance, this in case the market will continue in south direction. A bounce at 50 sma will open the case for a new bullish leg. Feel free to post a comment below if you like and...may the market be with us....!
NASDAQ:GOOGL
by Carlopiranha
ALPHABET ($GOOGL) 🏁 | The Google Article Of Your DreamsToday we are looking to see if Alphabet can follow other tech companies like Apple to make new highs. Big tech companies (Apple, Microsoft, Facebook, Alphabet, especially) making new highs is bullish for the market a few reasons, as we covered in a previous post (see our related S&P post in the links below). The good news is some rotation out of other sectors and into tech today might be just what is needed to push the NASDAQ, big tech, and Alphabet to new heights. Let's take a look at big search to see if GOOGL has what it takes to break resistance. Hit that 👍 button to show support for the content and help us grow 🐣 Support: The S1 bullish S/R orderblock cluster is our first point of support for the GOOGL bulls. Although we would likely get there by way of a series of lower lows, there is no reason we can't find support here and move up as people weight their portfolio to tech due to "second wave" COVID fears. If S1 can't hold, the S2 orderblock formed by a previous gap is a good candidate for support. This isn't the ideal correction for the bulls, but it retains an overall bullish price structure. The S3 S/R flip is hard to hit without the bullish market structure being lost, however, it is a notable support level if the markets go into a more serious correction. While support exists below S3, it is irrelevant to our current question of a path to new all-time highs over any reasonable timeframe. Resistance: R1 is the first point of resistance for the bulls. Breaching R1 and finding support on it or above it is paramount. The ideal for bulls is to maintain the current momentum and avoid a pattern of lower highs and lower lows. Above R1 we have the R2 orderblock from the gap down at the start of the COVID drop. R2 is a logical point of resistance on the path to all-time-highs, as it gives a chance for consolidation without sacrificing momentum. Lastly, the R3 S/R Flip and R4 all-time highs are the final points of resistance. Either/both of these levels could provide one final challenge for bulls before it's off to the races. Summary: Alphabet has a clear path to all-time highs, and if the bulls can pull it off it will be very bullish for the markets. If Apple can do it, we think Alphabet can do it. Then of course so can Microsoft, Facebook, etc. This should set off a chain reaction to take the indexes (which are all tech-heavy) to new highs. Resources: finance.yahoo.com + www.cbsnews.com ✨Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NASDAQ:GOOGL
by AlphaBotSystem
Is GOOGL ready to fill the gap?Hello Everyone! Is GOOGL ready to go higher breaking the resistance at 1440 and fill teh gap at 1478 left open on 21st Feb ? Bouncing on 20 sma as did in the recent past, price has not touched the upper Bollinger Band during latest days, with RSI not yet overbought seems to have the cards to go higher in the short term, considering that among FAANG is the stock that is more far from its all time highs. Price action remain strong since bottoming last March, with a serie of higher highs and higher lows. Post your comments if you like and....may the market be with us!
NASDAQ:GOOGL
by Carlopiranha
Can Google achieve a historical summit higher than the previous?US stocks know a big recovery, after the Nasdaq index achieved a new historical summit, and the Dow Jones index witnessed a big increase after the setback that was experienced due to the Corona pandemic. With the results of the second quarter of the American companies, the US Stocks rose dramatically after the American economic wheel started again, It's not affected by events that America knows recently. Technically, Google’s stock is moving inside an existing triangle and the price is near the upper side of the triangle, meaning a breakout at 1455.13 is an excellent opportunity to buy by targeting the historical top at 1532. The Breakout should be with a high Volume than the previous one, then we talk about a real breakthrough. As for selling, it is risky, but breaking the lower side of the triangle at 1408 is considered an opportunity to sell, but with caution.
NASDAQ:GOOGLLong
by TradingFleet
FAANGs - What Lockdown??? - Reflation TradeWhat you are looking at is an equally weighted 'portfolio' of all the FAANG stocks, ~FB ~AMZN ~AAPL ~NFLX ~GOOGL And what the performance would have looked like if you had put an equal dollar weighted amount into each, at the earliest point you were able to, i understand that this is impossible to time or predict, but what it does do, is it serves to illustrate just how skewed the overall market performance is, when you analyze the best performers. In terms of drawdown during the global lockdown? Minimal, in terms of peak to trough move, the global lockdown did not measure above a slightly above average drawdown, in fact, the drop in 2019-2019 was more severe, at a 36% drop, versus the 27% drop experienced recently. What is more interesting is that the lockdown, if anything is allowing these already MASSIVE companies to gobble up even more of the market share, when compared with the real economy (i.e. small/ mid-size business) In fact, YTD, the FAANGs are UP close to 27%, versus the Russell 2000, which more closely represents smaller sized businesses, which is DOWN close to 21.5% I find this to be slightly troubling, because the FAANGs are not all stocks you would expect to boom during the global lockdown. Yet, they are all doing extremely well, compared with the broader market. Here are 4 of the 5 FAANGs (FB, AAPL, NFLX, GOOGL) Here is AMZN As you can see, both GOOGL and FB are both doing VERY well, considering they are predominantly advertising platforms for businesses...you know, the businesses that are shutting down in record numbers, furloughing staff and cutting hours. I assume that this surge in stock price has nothing to do with the Fed liquidity hose and is all to do with savvy business owners all seamlessly switching to an online E-commerce business model. AMZN and NFLX are no surprises, these are the quintessential 'stay-at-home' bet, so i am not surprised at their relative out-performance. AAPL is no real surprise either, simply due to the overwhelming size of the company, as well as the generally healthy balance sheet (a couple hundered billion of cash laying around doesn't hurt either to boost investor confidence). I will close with this, prior to the market crash and global lockdown, these same stocks were being derided by many for being fundamentally overvalued, add in a global lockdown and a few trillion in stimulus and here we are. The lesson is...do not underestimate how irrational a market can be...trade what is actually happening...not what you THINK should happen... Clearly, the reflation trade is on. -TradingEdge
NASDAQ:META
by Profit_Link
2
GOOGL Weekly Resistance| S/R Flip| Blue Sky Breakout Evening Traders, Today’s Technical Analysis – GOOGL – breaking a multi-year weekly resistance with strong volume. Consolidation and a retest of structure will confirm a new range. Points to consider, - Multiple weekly closes - Strong volume - S/R Flip retest (confirmation) - Local high (blue sky breakout GOOGL has closed consecutive weekly candles above structural resistance. this shows strength in price action as volume was considerably high at the point of break. A Support/Resistance Flip will further confirm a true break as this will solidify the new support GOOGL is in a strong multi-year bull trend, taking out the recent highs will establish a blue sky breakout. Overall, in my opinion, GOOGL confirming an S/R flip will be extremely bullish. This will mean that the multi-year range has broken and price is likely to establish new highs. What are your thoughts? Please leave a like and comment, And remember, “The hard, cold reality of trading is that every trade has an uncertain outcome.” ― Mark Douglas,
NASDAQ:GOOGLLong
by AzizKhanZamani