Alphabet: Bearish Ending Wedge Formation - Selling OpportunityAlphabet - Short Term - We look to Sell at 2875 (stop at 2967)
Broken out of the channel formation to the downside. Price action has formed a bearish ending wedge formation. Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. A lower correction is expected. Preferred trade is to sell into rallies.
Our profit targets will be 2575 and 2400
Resistance: 2925 / 3012 / 3019
Support: 2832 / 2708 / 2621
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$MU sniper edition #4*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $MU at $72.92 per share. Our first take profit is $92.
My team averaged up on our position today at $82.5 per share bringing our share average up to $77.71.
OUR FIRST ENTRY: $72.92
OUR 2ND ENTRY: $82.50
FIRST TAKE PROFIT: $92
2ND TAKE PROFIT: $103
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Daily Market Update - Stocks - FAANG - Twitter Look Out Below!In this video:
* Overall, I remain neutral to slightly Bullish Crypto, however...
* There are definitely more and more caution flags appearing!
* Today we look at the influence that the Stock Market might be playing on crypto
* We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google
* We look at Twitter
* We look at the S&P, Nasdaq, and Dow Jones Industrial Average
* And we finish by looking at our market leaders in the crypto space
* Be careful out there traders! The market is on edge.
ALPHABET ( GOOGLE ) FUNDAMENTAL + TRADING ANALYSIS | LONG SETUP⚡Shortly after becoming CEO of Alphabet in 2015, Sundar Pichai boldly stated that his vision was to become an AI-focused company. Alphabet's consistent investment in supporting long-term growth is seen in its strong financial accomplishments. Even though it competes with other tech giants such as Amazon, Microsoft, and Netflix, Alphabet's recent quarterly results suggest that it could well become the world's largest company by market capitalization, displacing Apple in the not-too-distant future.
Since the beginning of the year, Alphabet's stock has risen more than 67 percent, nearly triple the 24 percent gain in the S&P 500. Let's break down the financial numbers to see if these gains can continue.
In Q3 2021, Alphabet posted revenues of $65 billion, a 41% increase over last year. While this level of growth for a company of this size is terrific, more importantly, it's which business segments contributed the most to the company's results.
Alphabet's quarterly revenues were distributed as follows: Advertising ($53.1 billion), Other ($6.9 billion), and Google Cloud ($4.9 billion). According to the company's latest report, investors can see that YouTube brought $7.2 billion in advertising revenue this quarter. On an annualized basis, YouTube's revenue was $20.2 billion, up from $12.9 billion in the first nine months of 2020. That represents a 57% increase over last year.
By comparison, Netflix generated $7.5 billion in revenue in the third quarter of 2021 and $21.9 billion in revenue for the year. Comparing that figure to $18.4 billion in the first nine months of 2020, Netflix is up 19% year over year. YouTube's revenues are now $30 billion a year and growing almost three times faster than Netflix's. Given that Alphabet acquired YouTube for $1.65 billion in 2006, it has seen an unbelievable return on investment over the past fifteen years.
Google Cloud generated $4.9 billion in revenue in Q3 2021. On the other hand, Amazon's cloud product, AWS, generated $16 billion in revenue in Q3 2021. It's critical to consider that Google Cloud is almost a third smaller than AWS. Nevertheless, some companies, including Amazon, Microsoft, and Alphabet, are well-positioned to benefit from the growth of cloud adoption. Gartner believes that worldwide spending on public cloud services will grow from $243 billion in 2019 to $692 billion by 2025, a 16 percent compound annual growth rate (CAGR). Furthermore, large software companies like Snowflake typically count on more than one public cloud, giving Alphabet ample opportunity to obtain market share even with other players.
Among other things, artificial intelligence has been a major theme for big tech. Microsoft has an AI-focused venture capital fund, and it uses the technology to build apps in Azure and support interactions with Cortana. Amazon uses artificial intelligence in the form of its recommendation system, the robots that work in its warehouses, and its Alexa voice assistant. Apple and Netflix, on the other hand, lag behind the other FAANG members when it comes to AI. Notably, Netflix only offers one product (streaming), which does not give it much room to invest in new technology and distinguish itself among its peers.
Although competitors such as Microsoft and Amazon are now actively investing in AI, investors might say that Alphabet had a head start, and now other big tech companies are playing catch-up. Alphabet's original product, Google search, used AI in its algorithms. Moreover, Gmail's Suggested Answers feature uses AI. Like Alexa, Google Assistant relies on natural language processing to interpret voice commands. Alphabet also has its own version of Apple's app store, Google Play, and consumers can easily make online purchases of food or other goods. Alphabet's strategic investment has allowed it to effectively create and offer consumers an experience similar to what other tech giants offer, but all in one ecosystem. And now we're seeing the return on that investment in the form of high double-digit revenue growth and profit margins, putting Alphabet far ahead of its FAANG peers.
Amazon, Microsoft, Netflix, and Alphabet are all well-capitalized companies. These four invest heavily in different business segments and compete in overlapping industries. However, Alphabet's growth rate stands out among these FAANG club members. Microsoft's third-quarter revenues were up 22% year over year, and Amazon's was up 15%. Alphabet's revenues grew 41% year-over-year, nearly twice as much as Microsoft's and nearly three times as much as Amazon's.
Alphabet's investment in becoming an artificial intelligence company is bearing meaningful fruit, and as the world becomes more digital, several product lines and segments of Alphabet's business could benefit.
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GOOG - STOCKS - 18. OCT. 2021Welcome to our Weekly V2-Trade Setup ( GOOG ) !
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4 HOUR
Great technical structure..
DAILY
Expecting more bullish price action.
WEEKLY
Market still underpriced!
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STOCK SETUP
BUY GOOG
ENTRY LEVEL @ 2840.56
SL @ 2724.25
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN