10/31/21 GOOGLAlphabet Inc (Google) Class A ( NASDAQ:GOOGL )
Sector: Technology Services (Internet Software/Services)
Current Price: $2960.92
Breakout price trigger: $2925.00 (hold above)
Buy Zone (Top/Bottom Range): $2900.00-$2815.00
Price Target: $3100.00-$3122.00 (1st), $3390.00-$3425.00 (2nd)
Estimated Duration to Target: 10-11d (1st), 32-35d (2nd)
Contract of Interest: $GOOGL 11/12/21 3000c, $GOOGL 12/17/21 3200c
Trade price as of publish date: $33.50/contract, $24.90/contract
Googlebuy
Told about it 3 weeks ago (GOOGL)Hello everyone , as we all know the market action discounts everything :)
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3 weeks ago on july 6 i posted an idea about the Google stock and how its seems to be in a strong bullish movement and today we see that come to life , the price has risen up by almost 12% in the last few weeks alone reaching 2805.07 an all time high .
The price of the stock is at 2721.88 in an upward channel and the Stock bullish movement doesnt seems to be stopping yet as we could be seeing the price hitting the resistance lines at 2797.40 and 2926.80 which would be huge for the shareholders .
different indicators showing that where :
1) The market price trading way above the 50 MA and EMA .(bullish sign)
2) The RSI is at 82.51 showing great strength in the Stock and sitting in overbought zone with no noticeable divergences.(bullish sign)
3)The MACD histogram showing good momentum with a positive crossover happening (bullish sign)
The alternative scenario would be if the price dropped down and hit the support line at 2531.00 which could determine the outcome for this stock but the possibility of this happening is around 5% to 9%. note that we did see a shooting star pattern on jul 12 which is a bearish sign but it was proven false when the market jumped up.
After all the long and short term trends are both positive. and Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Support & Resistance points :
support Resistance
1) 2531.0 1) 2728.9
2) 2401.6 2) 2797.4
3) 2333.1 3) 2926.8
This is my personal opinion , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
$GOOGL ATH!All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it will continue running. Early morning flows and market close flows are telling of the bullish bias that whales have on GOOGL. Those sweeps targeted the 2430 weeklies at open and the 2435 towards close.
GOOGLE -- It keeps getting stuckAs can be seen in the chart, there is a great squeeze in both prices and RSI. This is a bit scary of course ...
This tightness can continue up to the level of 2200$ or even 2400 $, but then we think it is very likely that we will see a big selling pressure for both the relaxation of the indicators and the completion of the technical formation formed by the prices.
We are not at the beginning of April anymore. It has been almost a year and the Nasdaq have an unstoppable rising. We wonder where will he stand ???
It contains only personal views and opinions. Does not contain legal investment advice ...
🤔 Opportunity On Google? (GOOG)💰 LET'S GET INTO SOME GOOGLE ANALYSIS!💰
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(Overall Market Sentiment) 🐻 Bearish
- My main worry is that the longterm upward support has been broken and had a retest but looks like it could be rejecting off of it for a new Resistance and a lower low / lower high.
- I have a red engulfing crossover on the 12 hour with compression on the daily. The Crossover strategy is showing a Crossover all indicators to the downside.
- All 3 ema dots ont he bottom are red and have been red consecutively.
- I will be taking a short with a 1.5% stoploss.
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Despite taking a hit on the ad side of the business, Google (GOOG / GOOGL) has had a textbook "V" shaped recovery (Or in this case, an upside down "A" recovery we could say). Can the bulls make the final push back to all time highs? One could argue the new stimulus package will have a positive effect on the markets and give this tech giant room to finish running. So let's map out a potential pathway for the bulls.
Resource: www.cnn.com + www.marketwatch.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe giving us a clear trend to look for a long setup within.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. As you can see we had a great long setup entry at S1, sadly this was missed so we can only plan for what may happen now and not worry about the past.
4. The target for this move is up though the "COVID gap" and all the way to the range created by previous highs at R4. This is good news for anyone already long.
5. If we don't see bullish continuation off this move, then there is another potential long at S2 assuming Fractal Trend gives the green light.
6. If Fractal Trend signals a downtrend (Maroon bar color), then any long positions should exit as this is seen as indecision/weakness, otherwise the bet is on GOOGL continuing its recovery.
GOOGL technicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 GOOGL technicaly indicators showing we can expect higher bulish market recoveryng phase, FIBO 0.382 which is in some cases strong supp is breaked, good bulish candels foramtion, expecting to see push in price till FIBO 0.6 on same place i and supp trend line .
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!
GOOGL To lead AI revolutionPreceding the recent Adam & Adam double bottom formation, consistent bounces off the 200MA can be seen. This double bottom formation will lead to bullish continuation. GOOGL aims to lead the industry in AI development, with the purchase of AI deep mind and acquisition of various other AI start-ups. Great long potential.