What is GOOGL doing???GOOGL has been following an uptrend line all of 2019. Today it closed pretty much right on the line...
There are two potential outcomes at this point. Either GOOGL bounces here or it breaks through the uptrend line.
Either way, this is a great place to start a trade and use the uptrend line as your guide.
GOOGL
GOOGL, Alphabet Inc. - Rectangle ready to breakoutNASDAQ:GOOGL
Google is continuing to maintain itself in this price range in which there has not yet been a clear breakout, even if the price is getting closer and closer to the level that interests us, the resistance of this rectangle.
As you can see in the chart on the timeframe weekly has a higher efficiency from the point of view of Risk Reward and Winrate.
We are trend followers and look for entry signals on certain assets that meet our parameters.
One advice: do not think you are making profits by trading intraday or by looking for patterns that are not sustainable from technical analysis.
Always take as a reference the best in the world if you want to follow someone. Everything else is not provable for us.
Ray Dalio, Peter Brandt, Warren Buffett, Jesse Livermore to name a few.
Bearish Counter Attack on GoogleGOOGL Over the last two days printed a 2 candle pattern known as the "Bearish Counter Attack". See the linked attachment for diagram. It occurs when there is an up day, followed by a gap up open that is sold off, finally closing at the same price (or very very close) as the previous up day. As seen in image, according to this research this is a rare pattern that has produced down moves the next day 57% of the time, while an up move occurs 43% of the time. This might not seem like much of an edge, but it definitely adds up. In addition to this pattern, it appears that a short term uptrend support line was lost, then the retrace to and rejection occurred, which usually allows for a further move down. In this case I am thinking an out of the money put option is the play I like best, something like Sept 06 P1070, for sale around 100 bucks per contract. On the other hand, the 125 moving average has been respected in the past as both a support and resistance, and in this case it is sitting right on the 125. Above 1200 negates trade. Happy hunting and GLTA!! www.feedroll.com
GOOGL, Alphabet Inc. - Rectangle ready to breakoutNASDAQ:GOOGL
Who will get the better of the buyers and sellers in Google?
The company is solid, the balance sheet, the statement and the revenues show it. There are also many projects ready in the near future to increase turnover.
We'll see.
We have the alerts ready in case...
GOOGL Alphabet Inc Long position confirmationI am long on GOOGLE as it has put a lower highs confirming continuation of the upward trend. GOOGL has put a 78% FIB retracement of the last move towards 1040 and continued to break above 200ema which confirm the bulls still in play.
The targets for this is the recent highs (Also an unfilled gap at 1290)
Stops below the swing lows and a round number at 1000
Good luck trading
GOOGL- TOP - HTF AnalysisGoogle beginning to break down out of a rising wedge with diminishing Volume from its high point in 2005...
We see a Diamond Top taking shape going back to late 2017...
Also an M-Top or Double Top...
The Weekly has been sideways along the 60-Day (blue) and 175-Day (orange) Hull Moving Averages...
Same for the 14-Day Chart...
Support levels to be aware of...
Very interested to see where the next Weekly and current 14-Day candle closes. Right before Friday's close (7/26/19) a push to close at the top of the range was made but fell short of the high...
...creating a massive gap on the Daily which was rejected before closing as a Shooting Star. Most glaring on the chart are the only 2 unfilled gaps on Google's Daily chart @$850 and @$450. A continued breakdown from here and reversal confirmation with breaking down from the Diamond and the gap at @$850 would be my first target.
Daily GOOGL forecast timing analysis by Supply-Demand strengthStock investing strategies NASDAQ:GOOGL
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
S&D strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.9% (HIGH) ~ -0.3% (LOW), 0.2% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.4% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.7% (LOW), -1.4% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
GOOGL 3.54 RR ShortEvening traders,
Google has fallen out of its flag with solid volume confirmation, I'm currently in 3 shorts but will load more depending on AH action tomorrow at open.
Targeting 0.5 fib of last bullish structure
Daily & Weekly support further downwards movement.
FOMC was very hawkish, surprised we aren't tanking harder.
Google at Support LevelMany of times traders ask if what I learn in stocks can apply in Forex, my answer to that is YES, if you understand the mechanics and you have a tested strategy.
When the same question was asked for knowledge in Fx traded in Stocks? Guess what's my answer?
Yeap its the same and you have to look in your strategy.
This trade is long on support base off support level having indecision candle. opportunity to engaged.
Guess what I will do on Tuesday if the market continue to appreciate?