GOOG $ Breakout Levelwe just tested our resistant last week, now if we have a breakout from this level , we going to test 2 level of resistant, which the second resistant will give us the breakout to all time high for this year , over the 160$+.
the bottom that we should hold for this year if we want to see this movement , is holding above the 100$ support .
GOOGLE - 4 REJECTIONS OFF 120 -SHORT TO 105 BY SEPT 4 rejections off 120
Not Participating in Tech Rally = Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 117 / 105 - 40% PROBABILITY =
1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
TIGHT JOB MARKET = HIGHER WAGES AND COSTS
GOOGLE LAYOFFS
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
Buy or Sell ?Uber's strategy to make profit:
1. Charging customers for subscription.
2. Cheating on restaurants more than ever.
3. Reducing the payment to drivers.
And the result of this "smart strategy" is dissatisfying everybody, and ultimately loosing the market!
Capture this image and see me at the end of the year...
Current Google Analysis (BULLISH) google has been rejecting around 118 the past week but we have consolidated right below this mark, the bulls have been battling the bears we have stayed our ground and will easily push past this Resistance! With Spy dropping last friday we still managed to hold our ground, This will be an interesting week at that! This is not financial Advice but an opinion formed around being optimistic.
GOOGL SHORT OFF 120 RESITANCE -Target 107 - SEP 34 rejections off 120 – 50% fib RETRACEMENT
Not Participating in Tech Rally =Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 119 / 107 - 40% PROBABILITY = 1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
UNEMPLOYMENT RISING
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
Alphabet Inc - Short PositionWith an underlying share value equal to $117, Alphabet Inc has seen bullish movements since our last position published on 28/07/22. When reassessing Alphabet Inc using a 4hr range, investors can see that it’s now trading above its central Fibonacci PP level. In fact, the stock is trading above its PP 0.382 1st level resistance. The underlying price of Alphabet is in line with it's PP 0.5 resistance level. This is a bearish signal, investors should anticipate bullish trends to begin to correct and for stock prices to bear towards their support. Whilst it would be reasonable to anticipate the bullish resistance trend to continue to strengthen, this signal tells us to begin to anticipate a bare and profit off a short. This notion is further supported by the 20-day ranged Bollinger Band. The underlying stock price is currently trading close to the Bollinger’s upper bound which suggests a correction toward it’s lower bound, close to the Fibonacci’s central PP level. It would be justified to set a buy price in line with the Fibonacci’s P 0.5 resistance pivot. We anticipate the underlying stock price of Alphabet to reach this resistance point before bareish corrections occur.
Therefore, we have set a buy price in line with the PP 0.5 resistance pivot, our investors will look to buy at a price of $118. Based buy and sell trends since the start of the year, we anticipate a strengthening bareish trend. We anticipate bareish trends to strengthen over bullish trends and for the underlying stock price to reach it’s Fibonacci support level. We have set a target price in line with the Fibonacci’s PP 0.5 support level. The buyer should sell at around $105.
Alphabet | Fundamental Analysis | Long | MUST READ Alphabet stock is down about 16% over the past 12 months as investors worry about the macroeconomic problems of its core advertising business. Rising interest rates and a looming recession have also put pressure on the stock.
But that short-term factor aside, Alphabet stock looks historically cheap at 21 times projected earnings. For the foreseeable future, the company will continue to dominate the markets for search, digital advertising, streaming video, Web browsing, and mobile operating systems. Although its cloud business is smaller than that of Amazon or Microsoft, it may also continue to grow.
So selling Alphabet just because its advertising business is going through some tough quarters could be a mistake. Let's take a closer look at where the tech giant's stock could be headed a year from now.
In the second quarter of 2022, Alphabet generated 81 percent of its revenue from Google's advertising business, which includes its main search engine, ad network, and YouTube site.
"The Bears argue that this business will struggle in the face of rising inflation and slowing economic growth. Google's ad business growth has certainly declined over the past year, but it is still growing year over year (YOY).
In this segment, YouTube initially grew faster than Google's search and advertising business. However, YouTube's growth slowed in the first half of 2022 as it struggled to match the post-pandemic recovery in ad sales a year earlier.
When Google's ad business weakened at the start of the pandemic in the first half of 2020, the company relied heavily on Google Cloud growth, which was offset by lockdown trends and the growing use of cloud services.
Google Cloud continues to grow at a faster rate than the advertising business, but it is also losing momentum and is not growing much faster than its larger peers. Amazon, which leads the cloud race with Amazon Web Services (AWS), increased its cloud revenue 33% from a year ago to $19.7 billion in the most recent quarter. Microsoft's total cloud computing revenue, including its Azure cloud platform, rose 28% to $25 billion in the latest quarter.
This is troubling because Google Cloud is not yet a profitable company, and it may have to offer the lowest prices and aggressive promotions to keep up with Amazon and Microsoft. Simply put, it's not a solid crutch for Google to lean on if its advertising business ever stagnates - because an increased share of cloud revenue would likely result in lower overall operating margins.
Alphabet expects its advertising business to continue to face difficult comparisons with the recovery from the lock-in through 2022. The company also expects the growth rate of its cloud business to slow in the near term as macroeconomic factors will cause some customers to either spend less money or put off purchases.
Alphabet hasn't provided exact projections for the rest of the year, but during a recent conference call, CEO Sundar Pichai said the company will "slow down hiring and increase its focus." In other words, the company is preparing for a slowdown by cutting back on fat but expects total capital investment to increase in 2022.
In 2021, Alphabet's revenues and earnings were up 41% and 91%, respectively, as the company recovered from the pandemic. But this year, analysts expect the company's revenue to grow 13% and profits to fall 8% from this difficult period. In 2023, they expect revenue and profits to grow 12% and 16%, respectively -- assuming the current risk factors subside.
We should take these estimates with caution, but they indicate that Alphabet's slowdown is likely to be temporary, and its core businesses will continue to grow. Alphabet stock is unlikely to take off in the next 12 months - because at the moment it just seems reasonably valued, not undervalued - but it will definitely go up in the next few years.
Google: Searching for lower pricesAlphabet
Short Term
We look to Sell at 118.12 (stop at 121.10)
The medium term bias remains bearish. The sideways consolidation continued although the market managed to post a significant high at 120.00. Trading within a Bearish Channel formation. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 104.19 and 101.01
Resistance: 119.00 / 125.00 / 142.00
Support: 110.00 / 104.00 / 100.00
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GoogleI set a curve channel for this play. IF this bounces on the base drop of the curve to make a run up this will be a good ABC run up for a higher high. This is a long play after the bounce. We still have some drops ahead possible. If this retraces this low there looks like a good upside possibility for this run up atleast to retest the previous double top before a retracement.
NASDAQ OUTLOOK 2022-2023, possible reset to Wall St?Greetings community
Nasdaq, like with any asset, has two potential scenarios: long or short, however, it is crucial to identify the vast price movement, rather than to bicker about insignificant price jumps.
I have illustrated my view, clearly indicating what matters, well to me.
Below is text of the two scenarios that have most relative:
1) The price point of 12900-12950, which is a key level, a prior support and current resistance level, is either going to hold and allow for price to decline within its confined channel yielding more favorable long positions from the downside. In addition, Apple earnings are at low's matching 2015, Microsoft nears bottom, Google share split as well as formation of a potential double top should price close beneath above stated resistance 12950-12900.
2) The price pierces through and closes above the 12900-12950 level, defying equal high's or lower high's, thus yielding invalidation to set up - hence bringing a long opportunity, turning a resistance, back into support.
Live time price action and fundamentals will confirm either scenario, both, with minimal drawdown at given prices and high R:R.
Notes:
-High potential of bear market continuation through October.
-Correlation to BTC
-Inflation & Interest
-Recession rumors
If you've benefitted, enjoyed or would like more of this content, advise by liking and commenting below. Be it smaller timeframes, long or short calls. I see that analysis posted on this asset as of current is an absolute joke. Sorry, not sorry.
7/27/22 GOOGAlphabet Inc (Google) Class C ( NASDAQ:GOOG )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $1.493T
Current Price: $113.60
Breakout Price: $114.80
Buy Zone (Top/Bottom Range): $112.80-$105.40
Price Target: $120.20-$121.80 (1st), $126.40-$129.10 (2nd)
Estimated Duration to Target: 36-38d, 65-68d
Contract of Interest: $QQQ 9/16/22 115c, $QQQ 10/21/22 115c
Trade price as of publish date: $4.60/contract, $6.50/contract
Alphabet Inc-Bullish Swing The 20-day ranged Bollinger band presents a support or lower bound (red line) equal to $105. This is the price in which the stock closed at yesterday the 26/07/22. Before today the, the stock’s price was equal to the Bollinger’s 20-day ranged support level indicating a bullish correction before further bearish movements in line with the current macroeconomic environment. Since trading has opened today, we have witnessed a correction towards the Bollinger’s resistance landing just beneath the Bollinger’s middle bound (orange line).
Bullish movements are further supported by RSI and SMA indicators. The purple RSI is beginning to cross the yellow SMA suggesting bullish stock price movements. Furthermore, the MACD indicator presents the red MACD line also crossing its blue signal further supporting a bullish swing before further bearish movement.
In line with these signals, I anticipate the stock to beat the Bollinger’s middle bound and anticipate a strengthening buying trend. For this swing trade, I have set a strike price equal to $112. My target is bullish, I will sell before the end of the week at price greater than this strike.
A neutral marketWe are in a neutral channel, the price in this channel goes up and down by hitting the floor and the ceiling of the channel, and the best situation is to buy at the floors and sell at the ceilings, and if the price either from the bottom or from the side The trend of the market has come out, so let's go along with it.