GOOGL
Market Pullback in Coming, Be Careful!If any of you guys have seen my last post about the NASDAQ, I showed a couple retractments I thought should make us all very weary. Well, I'm here to share another interesting piece.
It's obvious the normal graph of the NASDAQ has no long term support or resistance. It's impossible, too much compounding going on. However, using the log feature in order to limit compounding, We see a BEAUTIFUL channel that has formed within the NASDAQ.
This has nothing to do with Trump or Taxes, this was a 100% EXPECTED move. However, it is obvious the move has run it's course for now. Obviously the channel is still up, so like I said in my original post, we're still in a bullish market. Expect a pullback though, and use this to help optimize profits.
Speaking of which, $AAPL earnings failure will help confirm this top, and I think by now the news obviously points to an earnings failure.
Optimize and be smart!!!!
Alphabet, price on resistance analysisThe price is on a short-term resistance with low bullish volume. The stock may retest the resistance and eventually create another pullback.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
HOW TO BUY GOOGLEHello investors-
For those interested in buying GOOGLE, here is your plan.
FIRST-PATIENCE! Watch the 3 levels I have indicated on the chart, these are the 3 levels in which GOOGLE will pause, possible stall and bounce, bounce and break, or just break. It is these levels that we pay attention and adjust our plan.
ONCE YOU HAVE GOOGLE AT ONE OF MY LEVELS, or maybe your own, or maybe you just want to buy the stock, I have your 2 price targets laid out on the chart (key cycle levels) for which I expect the bulls to push GOOGLE to! (just remember this may take time and circumstances could cause updates, so make sure to follow this chart for the updates).
COMMENT OR MESSAGE FOR QUESTIONS
Alphabet, sideways channel & price on trendline analysisThe stock is consolidating in a sideways channel after a strong bullish movement. Now the price is on the mid-term bullish trendline. If the price continues higher and breaks the resistance level (987.00), the minimum target is around 1065.00. If the price breaks the trendline and the support it may start a strong bearish movement. The breakout must be confirmed by very high volume to avoid fakeouts or pullbacks.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
GOOG: Go long at market open...I'm initiating a position in $GOOG at market open tomorrow. There was some kind of glitch, and the chart looks really funny, so I decided to post it for posterity. The folks at Zerohedge were gloating, looking at the stocks limit down after this glitch, it's actually just that, and in fact, trades that might have taken place were reversed as far as I know.
Either way, price hit support -before charts got messed up- so it's a really reasonable place to enter a 10% long position in $GOOG once more.
For reference, this is the way the chart looked on close:
Happy Independence Day to all Americans, and remember to go long burgers... www.zerohedge.com
Cheers,
Ivan Labrie.
The Up Trend is ToppingI prefer using log scale for high flying stocks. You can clearly tell Googl upward momentum is abating. We all know 250 advertisers dropped adds on youtube due to offensive content. Now googl is working on the issue but once you loose advertising you also loose pricing power. Getting advertisers back will likely come at a discount cost. Google faces lower add revenue will they seek to fix this issue.