Expect google to reveal positive earnings!October 25th google will post their earnings; I expect that they will be positive (along with many other leading tech sector companies). This will lead to one last rally in the market.
I indicated on the chart where I see Google reaching out to, prior to a massive throw over following shortly after. One second the whole market will be elated by new highs and the next second bear selling will completely devastate any that are holding longs. I will likely close my position slightly ahead of target and begin opening shorts around 1450 and double down as we get closer to target. I know my perspective is that of a minority, but I believe that it is worth considering before fully committing to a bearish mindset.
*As always this is not financial advice and is intended for educational purposes only.
Let me know what your thoughts are on the market and where you see us heading!
Good luck trading,
Zerotozeros12
Googlelong
Google will go bullishAfter the biggest event in YouTube history with a pay per view boxing match you could only watch on YouTube we WILL see the stock price boosted at market open.
This boxing match made 100s of millions of pounds, a cash injection like that is sure to make the stock price hike.
Incase you are wondering why YouTube money will make googles stoke price rise....Google own YouTube, so I'm not totally crazy :p
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Time to GOOGLE IT ? Price have been recently moving in consolidation. Resistance have become support. 1000 even number. 38.2% fib retracement support from the 2016 move. 61.8% fib retracement from the previous leg of the move. Long-term buying opportunity. RSI oversold with signs of divergence. Coppock curve confirms it heading north with divergence. Target fib extension Good Luck
HOW TO BUY GOOGLEHello investors-
For those interested in buying GOOGLE, here is your plan.
FIRST-PATIENCE! Watch the 3 levels I have indicated on the chart, these are the 3 levels in which GOOGLE will pause, possible stall and bounce, bounce and break, or just break. It is these levels that we pay attention and adjust our plan.
ONCE YOU HAVE GOOGLE AT ONE OF MY LEVELS, or maybe your own, or maybe you just want to buy the stock, I have your 2 price targets laid out on the chart (key cycle levels) for which I expect the bulls to push GOOGLE to! (just remember this may take time and circumstances could cause updates, so make sure to follow this chart for the updates).
COMMENT OR MESSAGE FOR QUESTIONS
GOOGL @ Dec`16 upside trend broked fiday tradingGOOGL closed froday trading day in a last GAP of last week before
From this point of view, we could see an highly volatile week, while next 5 trading days!?
How ever, maybe i am reading too much in the chart?!
Currently, is essentiel, at least in my opinion, not only this GAP. Much more the 2nd one and 3rd one is huge (`cause the GAP manifest the start of the last doownside trend and following trend -reversal which even broked friday.
811.97 & 807.88 GAP of last week before (2nd half of week)
794.93 & 798.06 GAP of last week before (1nd half of week)
782.37 & 793.18 MAIN GAP after trump election (wednesday opening)
Tech shares are under pressure since president election. Specially the F-A-N-G`s :) While NFLX is lokking pretty bullish technicly, it seems like that FB also can etablishing it`s upside trend (dec`16). GOOGL should be under pressure this week, while AMZN already slighty bearish lokks like (for this week). That`s also the reason why i closed my BABA long position manually, last week! And awaiting lower prices in AAPL to get long again :)
As it may be comes until christmas,
huge important is the MAINLY GAP (between 782.37 & 793.18) & the monthly BB (802.89 & 784.17). Both technical facts should servce as something like support areas. Inclusive the 50% (61,80% & 38,20%) fib retracement, which is more or lesse around 789 (797 & 781) ...
All in all i am still (added: a little bit scary) slightly optimistic - even bullish - by prices above 800. Prices under 800 could have an psychological effect and maybe create much more pressure even until around 790 or 780. But at least at this area and all other techs (more or kless) should rise or even get back in green performance profit price areas, like before trump election :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron