$GOOG CONSOLIDATIONThere’s a few possibilities for GOOG here:
1. Forming a consolidating Pennant/Flag
or
2. Forming a Double bottom
Google Stock is DecliningGoogle is on a Downtrend since the beginning of 2022.
Now it's a good opportunity to jump on the trend at the level of 209 MA.
There is a huge R/R of 1/4.
the potential Targets could be 78.6% Fibonacci level and as second Target 100% Fibonacci level.
Google - Bullish Harmonic The tech stocks witnessed deep corrections of over 30% on Nasdaq.
Nasdaq was one of the most underperforming indices in US and the bearish momentum prolongs on the first day of 2023.
The Bullish Harmonic pattern on $Goog confirmed the reversal but today's dip seems an opportunity to go long.
The pattern negates on breach of $80.
GOOGLE STOP BLEEDING???? According to Elliot wave
-Wave 3 is @ 161% fib extension of wave 1 and 2 ( Usually the wave 3 is extended to the direction of the overall trend, so use caution)
(IF WE DO NOT GET A REVERSAL TOMORROW AND WE DUMP AND BREAK WAVE 5 SUPPORT WAVE 5 COULD BE WAVE 3) Extended
-Wave 5 is usually the length of wave 1 or extension of wave 3 and 4 @ at the 61% extension PRICE $96
-Wave 5 retracement levels 38% 51% 61% ($117, $124, $131)
-!I think we get relief rally tomorrow!
-I think the inflation data will be lower than expected due to oil prices being lower (energy sector)
-BUT more pain ahead so take profits
🚘 Tesla Is Leading The Stock MarketJust as we believe that bitcoin will bottom before the S&P 500 Index, in the same way we believe that Tesla will bottom before the other major tech giants.
At present time going down fast and strong would seen like something really bad.
A stock dropping is surely bad for the investors but these markets move in cycle, they go up and down, up and down...
At a later point in 2023, things will turn around.
You will see the Tesla (TSLA) stock growing while other tech giants such as Apple, Microsoft and Google will still have a long way down to go.
This will be a positive for Tesla investors, as they will be seeing their stock growing while everything else is still searching for a market low.
Out of crisis, opportunity comes.
Once we hit bottom, the only place left to go is up.
This major downturn we will see in 2023, we will turn into a positive once it is over and done.
We learn from mistakes.
Out of tough situations innovation and evolution is the result.
Look at Bitcoin/cryptocurrency as an example, it is the result of the 2008/09 fiasco.
Namaste.
Google in inverted head and shoulders.Alphabet - 30d expiry - We look to Buy at 95.11 (stop at 91.82)
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 94.20.
Levels below 95 continue to attract buyers.
The primary trend remains bullish.
Dips continue to attract buyers.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 103.33 and 105.33
Resistance: 101.00 / 103.50 / 105.00
Support: 97.00 / 94.20 / 91.80
Disclaimer – Saxo Bank Group.
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GOOG Alphabet Inc. Technical ReboundIf you haven`t sold GOOG at the top, when Ark Invest did:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of GOOG is at 22.42.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
Google | Looking For The Next TargetAlphabet Inc (Google) peaked in November 2021... With one last hurray in January 2022 that wicked higher.
The All Time High came in January this year but only by a wick as the weekly candle closed much lower.
We have a year long downtrend already.
Time does fly by when one is not paying attention.
We opened this chart out of curiosity.
Since the Nasdaq100 (NDX) index is set to crash, all these companies are likely to follow and the charts are matching this statement.
The good thing is that a bottom is getting closer and closer, maybe just another 6/7 months for these stocks but still too early for us to say.
The main support we are looking at is sitting at 72.38.
89.42 is the immediate support.
We see rejection after rejection each time Google closes above EMA10 and tries to move up.
No relief rally here, not even when the SPX and DJI had a relief for several months.
Will there be a relief now for Google?
Not likely, don't think so.
These stocks/companies have been growing for decades, the market moves in cycles.
We are bound to see additional bleeding before a return to sustained growth.
Around 68 is our mid-term target.
For the bottom... We will have another look at this chart in 3 months.
Namaste.
GOOGLE New Trade > Naked Put New Trade $GOOGL
Naked Put
Strike $79
Premium $0.66 x 4 contracts = $264.00
google forecast Google share price can back to $50.00 and bounce in next year 2023.
This is my first price action forecasting stocks.
normally I trade Forex, Indices
Long on $Googl Target $110On 4 hr time frame, breakout with retest confimation. Next short term target $110.
BUY google stock with high probabilityHello ladies and gentlemen, according to my graphical analysis of google stock, there is a high probability of going up in the next few weeks.
Almost Dip for BTC | SPX Google TrendsGoogle Trends data show us almost dip for BTC.
Rsi breakout isn't far.
If SPX falls down again Breakout & Pump can delay
In first quarter of the following year, the breakout should start
Google: Rise like a phoenixThe Google course is currently rising like a phoenix from the ashes and slowy climbing out of the green zone. Once Google leaves the resistance at $104.82 behind, it should be able to catch its breath and use its strong wings to ascent above the resistance at $113.61. For now, it's important to stay above the $76.22 mark in order to keep the upwards trend going, although Google should not get too comfortable above the clouds since there might be a storm coming that could push our Phoenix back to the ground.
DXYWorld economy in recession data runs economy, trade in recession is very out of the way job its not totally on technical so keep close eye on dollar next movement of dollar on chart
join us and learn how to trade in recession
AMZN Amazon - Realistic Expectations In Both Doom and GloomSomething I am aware of is that traders get trapped primarily because they get laser focused on one specific side of the market and one specific price target. This happens either because of greed in wanting to get it allllllll from a winning position or simply being caught underwater.
Amazon, a formerly $1+ trillion company by market cap, lost 30% of its value in the course of literally two weeks, but yet, still does not count as "cheap."
Weekly
At $91, this thing is still pushing a $982 billion market cap, and this is a company that more or less exists as a cesspool of fake Chinese product reviews and as a western import hub for junk effectively siphoned from the Chinese Communist Party's Aliexpress.
Looking at the monthly, after two years of post-Coronavirus Disease 2019 distribution, nobody in their right minds should be bullish on Amazon.
It's no longer a buy, it's a sell, and has been all year.
It's not that Amazon is a bad company, it's that the market structure clearly seeks to drain all that coiled tension from two years of selling inside a (relatively) narrow range.
But that being said, you can also tell from the monthly that there's huge ranges playing out while it makes its way downwards. The monthly also shows that Amazon is trading at a deep discount level of its total COVID-era structure.
While it could run from here and take out the lows with great ease, or run towards them another 10% and double bottom, I feel it isn't likely to play out so easily for bears, who already just had a big meal, and should not be overly greedy.
When we look at the Daily, it gives us a lot more perspective and some things to be realistic about.
Namely, the September gap is above equilibrium and counts as a breakaway. Amazon will trade back there one day, but only after the market operator has achieved its downside objective, for it already played with equilibrium twice and had no interest in filling the gap.
But Amazon lost almost $20 on its earnings call to end October, and then bounced hard before proceeding to lose another $10 in short order.
The notions of "oversold" and "overbought" shouldn't be measured in terms of indicators, for those are just math-based lagging lines. Overbought and oversold should be measured based on price action, for in reality, when the trading desk at JP Morgan and Citadel sit down in the morning, they're looking at dollar values, just like you are.
"How much do I have to spend? How much can I make? How much do I stand to lose?"
But unlike you, they aren't looking at trendline astrology or squiggle lines and Elliot wave superstitions, because when it comes to taking risk and calculating for potential reward, if you lose, you can't really tell your shareholders things like "But meh Williams %R hit 42 while the wave count was a 16(a)(c)42. I don't know what went wrong!"
Based on today's overall wild price action it seems that indexes are poised to stop trying to make lows and rally. This is congruent with the timing we face, with the US midterms being Tuesday of next week and CPI printing on Thursday.
During today's manipulation, Amazon also made three consecutive hourly lows before finally pivoting. This should indicate the operators will seek short term upside.
What's good in this trade is a most conservative upside target is 10%, slightly over $100. Yet, if Nasdaq rips even 60 or 70% as hard as the Dow just did, upside targets in the $107 range are likely to be fulfilled.
If Nasdaq really goes crazy bull trap to sucker in retail and gamma squeeze, then $120 is on the table.
These are big opportunities one can take advantage of, but it's hard to take advantage of them if one has their eyes on the $81.30 COVID low because Fintwitt, your signal service Discord, some guy with a Pepe avatar who claims he worked for Goldman Sachs in 1997, etc., are screaming about recession and the Federal Reserve not pivoting.
GOOG: Inverted Cup with Handle Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit.
The daily EMA ribbon flipped bearish in April and since then a precipitous 38% downslide has ensued, the most recent retest of the daily EMA on Oct 24th yielded another crushing rejection. Price should be ready to run again to the downside as it recently slipped through a support/resistance line unrelated to the pattern around $89.40 and has since completed a pullback and been rejected.
