GOOGL
GOOGLE: Buy opportunity within the Channel Up.Alphabet Inc wasn't excluded by today's Coronavirus led pull back on the stock markets and declined below the 1D MA50 (blue line). The 1D chart turned bearish (RSI = 38.867, ADX = 33.996, Highs/Lows = -57.8228) but the price remains well within the long term Channel Up that started in July 2019.
The 1D RSI just hit a 7 month Support and in fact the last time that happened (October 2nd 2019), the price also had just crossed below the 1D MA50. This was when it made a Higher Low on the Channel Up and gradually rebounded. We are expecting a similar bullish reversal. Our Target Zone is 1,500 - 1,530.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Long googl to 1.5 T$ companyBased on fundamental analysis if TAC doesn't increase google advertising income would rise sharply in 2020. New businesses specially in AI fields and 5G could double the bullish strength. The only risk I can mention about Google is EU tech tax or digital tax. Bullish trend would continue until digital tax will be introduced by UK or France and then I can update my Idea. Based on numerical analysis, EPS in next 4 quarters would be 12.9, 14.1, 14.1 and 17 USD. P/E could rise to 35 and even 40 by developing new platforms in AI fields.
GOOGLE 2 DIFFERENT TRADE PLANSI have 2 differen trade plans for google, white and yellow
Green would play out if market is in a long-term fresh bullish momentum
White would play out if overall market is just getting out of gas
This is a great indicator for overall market cause almost all advertisement is on google (inc youtube)
trade safe
GOOGLE - ALPHABET INCThis #googl trade was my best trade in 2020. I bought 10 call contracts at 1290usd strike price in december, and my contracts expired at 17th of January. One of the greatest trades in my life.
I guess now we're started a correction (small bear market) and this is where i am watching and planning for the next bullish trades. I am not looking for puts because we're in a giant bull market, and the rule is "TREND IS YOUR FRIEND)
Levels ill be looking for calls:
-1320 usd
-1180 usd
My target: at least 1570 usd
Of course i am waiting for some kind of setup before taking action. Always do your own research before taking any trade
Good luck
SPY correction overIf anything speaks well for the SPY correction, China and coronavirus, its Apple. Down 3% today right above the gap on Jan8. Looks like correction is near over. Might see sideways this whole week. Going to hold on to my common shares and mostly avoid any options this week till things start flying again.
Do Alphabet bears even exist?Just some random thoughts, i actually think they have so much dominance in the overall market it's very hard for them to go down but..
Just seeing this chart could make it very easy..
Support turn resistance -> Support turn resistance
Also: More like a question in case anyone reads this:
Why is volume continuously falling?
GOOGL Potential Long Breakout with our B.I.T.S IndicatorOur B.I.T.S (Breakout Intelligent Breakout Signals) Indicator for TradingView has a signal Long on $GOOGL. The recent two long B.I.T.S breakout signals have achieved at least target 3 for our strategy as can be seen on the chart. We are now looking to enter a 3rd swingtrading opportunity for the GOOGL stock.
Long Entry at $1363.60, above the highs of yesterday and slightly higher that our signal entry price as we are a little late to the game. With Stop loss at 1362.77 and the 4 target zones printed on the chart by our B.I.T.S indicator.
Look to Swing this long trade over into next week, depending on momentum. Be careful of low volume christmas trading..
GOOGL To lead AI revolutionPreceding the recent Adam & Adam double bottom formation, consistent bounces off the 200MA can be seen. This double bottom formation will lead to bullish continuation. GOOGL aims to lead the industry in AI development, with the purchase of AI deep mind and acquisition of various other AI start-ups. Great long potential.
Google
This week's candle closed strong indicating a continuation of the rally, possibly trying to reach for 1400 next. You need to be aware of one issue (marked pink). A distinctive failed reach for the upper formation trend line is a sign of weakness. This could lead to a breakout above (already happened) followed by a sharp reversal around Spring next year. This is interesting because it is echoed by current market technicals (sharp correction in Spring 2020).
Google's candle performance is deceiving and only "appears" bullish, even when it actually is, temporarily. The 'monthly' chart below shows clearly how the stock failed the formation throughout. This is seen when averaging the performance using step-line. The 'monthly' performance alone requires a downward correction of about 30-35% to become neutral again.
All you need to watch out for is the Bollinger Bands . An overshoot with a solid candle (on the 'weekly') and a reversal with another solid candle will be your strong-sell signal. Also look for a 'failed reach' of a solid candle on the upper b-band line.
The stock is bullish as long as it trades above 'a'. Close your long position if it closes below. Strong-Sell if it closes below 'b'.
I never liked this stock's technicals. But it's been requested by a few, so I will revisit this post continuously with updates if there's anything new & mentionable.