$GOOGL ATH!All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it will continue running. Early morning flows and market close flows are telling of the bullish bias that whales have on GOOGL. Those sweeps targeted the 2430 weeklies at open and the 2435 towards close.
Watch these patterns on GOOG! 👀Ok, GOOG has a head and shoulders in the 30min, and we see an advanced breakdown as well.
The RSI is not following the 4h chart as well. If GOOG triggers the head and shoulders in the 30 min, we’ll see a correction that could last for a few days. We were above the BB today too, indicating that any bearish sign trigger the pullback we are talking about.
This is not a sell sign yet, but we could see one soon! Oh, and no, I don’t believe GOOG will fail, please, but I think a correction will be very good for the stock. 😉
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See you soon,
Melissa.
GOOGLE Signals showing further growth.Pattern: Channel Up on 1D.
Signal: Buy as the price is: 1) Still on the middle of the Channel, 2) The RSI not yet on its 10 month Resistance Zone, 3) The MACD is on a Bullish Cross.
Target: 2670 medium-term (the 2.0 Fibonacci extension, which has been met on all three previous Higher High waves of the Channel Up).
Useful facts: The 1D MA50 (blue trend-line) has been supporting since January 19, 2021. The last time none of the 1D MA50/ MA100 or MA200 were above the price was in April 21, 2020!
Most recent GOOGLE signal:
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Google - Broke through Symmetrical!-As one of the “four horsemen” of big U.S. tech stocks valued at more than $1 trillion in market capitalization, Alphabet GOOG, +2.74% GOOGL, +2.78% is among the largest companies in the world.
-Alphabet does lots of other things — from its Google Cloud web infrastructure efforts to its innovative R&D projects, such as Waymo self-driving cars
-Alphabet just wrapped up its fiscal first quarter and posted earnings at the end of April. As usual, the growth was significant as the dominance of its advertising platform continued without a hitch.
-Sales growth: Google Services - 34%, Google Cloud - %45.7, Other Bets - %46.7. Total Revenue: 34.4%.
-Google Services Total: 34%.
-Alphabet reports its sales in three segments: Google Services, which includes YouTube video ads as well as its ad network sales and its search-related ads, then the lesser segments of Google Cloud and a catch-all that’s simply called “Other Bets.”
-Sales comparison by category proves that the only thing GOOG investors really need to worry about right now is the advertising money it makes. And with an impressive 34% growth rate for the core business line, that’s not entirely a bad thing.
-It’s worth noting that Alphabet has decided to give investors a deeper understanding of its broad Google operations by breaking them out into four discrete subsegments. Those include search-related advertising served to people who visit the eponymous search engine, YouTube video ads and the Google Network, which plugs the company’s technology into third-party websites to present ads (and take a small cut of the revenue). These all roll together to create a collective Google Advertising group.
Discovery DISC.A - Mega Media Content King - HBO etc.The tech giants lack what Discovery has. CONTENT. Game of Thrones & Super Hero fans know what I'm talking about.
It's a new world. The #metaverse & #marijuanamovement. EPIC times.
#gnln
#thegem
Discovery & AT&T - Mega Media Merger - Streaming Wars Rising RSI and the recent MASSIVE SELLOFF to a NEW SUPPORT looks C/W. HBO fans rejoice. #watchthis
GOOD POSITION!INCREASE IN SALE ACCOMPANIED BY A GOOD TECHNICAL POSITION
MORE THAN 100 PERCENT IN NEXT WEEKS IS EXPECTED ;)
US Stock In Play: $GOOGL (Alphabet Inc)$GOOGL successfully attained its projected $2,350 target that was previously highlighted early this month, closing at $2,415 post market hours. This equates to an accumulated return of +14.44% in 19 trading days, since the breakout of its consolidated triangle chart pattern.
With existing implied volatility of $GOOGL remains below the $70/day ATR prior to the triangle formation, it is plausible for further momentous price volatility in the stock as we enter into the month of May.
$GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments.
GOOGLEI've been away, that just means I've been making more moves. Forex has changed my life tremendously and i will forever be grateful for actually trusting the process. For trusting myself, and my higher power.
This is not only for me but also for my family and future children and generations.
Please always remember your why. Keep going until you build a consistent positive skill. You got this.
Now lets make this money. Flag Pattern. Buy or Sell opportunity?
Look out lol
NNDM acquires Deep LearningNNDM an old stock I traded last year has acquired Deep Learning. This in return will help NNDM grow in the long the term by adding this AI too their machines for more precise pcb boards and other electronics. Competition with Deep Learning is none to my knowledge of in the 3D printing field. There are two other AI companies that could get acquired by another company that I know of which are Google's AlphaZero and DeepMind. Again in the 3D world there isn't much competition, which NNDM might rise to over $40 a share by eoy if the stock market picks up.
TA: in the short term
-RSI broke out which is bullish for a reversal/untrend
-MACD is bullish
-Downtrend as been broken, but now guessing there is a second. As an investor or speculator on the sidelines you may want to wait for a breakout above the resistance lines unless you feeling frisky.
-Resistance is at $7.58, $7.33, $7.79, and $8.16
-Support is at $7.14, $6.73, and $6.59
-We are close to the 50ema and hope for a breakout tomorrow. If not then NNDM will suffer on the fate of the whole market and not the news.
Final toughts
Seeing them get into AI they could have massive swings like VERI, which is another out AI stock that was a pennystock in price at the start of the pandemic. I will continue to watch this stock, but its risky jumping into an acquation trading with a bearish market. Most tech and growth stocks are down, so its very possible tomorrow this pump would be short lived. I give it a long, but I would remain neutral and could pickup a few shares. A guy on YT does the 33% trading style which is buy a $100 on day 1 wait buy another $100 on the dip and wait and spend your last $100.
GDSII think bottoms in here and if we are lucky bids at .025-.03c will catch a fast wick during this correction B4 a much larger anticipated move higher.
I believe this company was involved in a law suit with Google and they actually won.
And the were awarded $192 million. So the Market cap is currently at 26m thats like 5-10x move incoming whenever the market wakes up here. ;)
US Stock In Play: $GOOGL (Alphabet Inc)$GOOGL broke out of its trendline resistance this week, with an accumulated gain of +8.03% in 3 days. The breakout of $GOOGL comes after a full month of whipsaw that is witnessed on its 20DMA, along with a congested price action that is displayed within a Symmetrical Triangle chart pattern.
$GOOGL currently closed at $2239.03, with a display of a bullish flag formation targeting towards $2,350 level.
$GOOGL provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments.
GOOGLE 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.