Antitrust Threat Looms Over Google, Shares Could Plummet by 10%!Google's dominance might be ending. A U.S. judge has decided that the company's control over search is unfair competition. This could lead to Alphabet, Google's parent company, being split up and a major change in online advertising. A new era of search could be coming, as the internet's main player may soon lose its power.
Technical Analysis
The share price has surged by over 190% since hitting its lowest point during the Covid-19 crash.
Following a previous peak of $152, the stock experienced a significant drop and subsequently entered a prolonged phase of consolidation.
After approximately 2.5 years of this price stabilization, the stock finally broke through its prior resistance in April 2024.
This significant breakthrough resulted in an impressive surge, propelled the price to a new all-time high of $193.
However, the stock price faced considerable resistance at that level, resulted in a decline and eventually breaking down of its upward-trending parallel channel.
The stock is likely to experience a sharp decline of about 10%, finding support somewhere between $132 and $131.
Googlesell
GOOGLE SHORT TIMING? reached important resistance level?
we could see that it is rebounding from an overall downtrend market.
And it's closed to the resistance area of previous lows, which shares the same level with the downtrend line, double confirmed the importance of this resistance area.
So if it be rejected by this area, and start to showing sell signals like bearish engulfing pattern etc, the price may continue to drop.
GOOG Rising Wedge Here is a simple rising wedge pattern on google with bear gap resistance above you dont want to get caught guessing the top because there is no way to tell exactly when price will reverse. Just react and catch the move when it presents itself. Expect to enter after either A) Gap Down, B) intraday Head and Shoulders or C) intraday bear flags.
GooGusd are you rdy for buy 🧨👌❤The big company Google has been using the downward trend of gold for days and for now it will have an upward trend for its shareholders.
Dear Americans who are Google shareholders, do not hold your shares until the price of $152.10.
The downward trend of Google will start from the price of $152.10, and for a long time, Google will sink into financial stagnation, and the expected decline for Bill Gates is $69.
These days, Bill Gates will sell Google shares as much as he can and will start buying when Google shares fall.
GOOG Alphabet Options Ahead of Earnings | Last Quarter of GrowthAs you can see, the last chart was pretty accurate:
Now I think this year we will see Google losing ground in the advertising industry.
The Justice Department filed an antitrust lawsuit Tuesday against Google alleging the company of abusing its dominance over smaller rivals by operating like an illegal monopoly.
MSFT Microsoft bought a 49% stake in OpenAI, who owns CHatGPT, that ca really be a rival to Google in answering questions.
As a matter of fact i am using ChatGPT more than Google search right now.
So i believe this is the last quarter of growth for GOOG / GOOGL, as you can see in the chat, because Q4 was not impacted by ChatGPT so much.
Looking at the GOOG Alphabet options chain ahead of earnings , I would buy the $100 strike price Calls with
2023-2-10 expiration date for about
$2.66 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Google Alphabet Movement Prediction In this idea I show Google's movement as I see it playing out. I have been moving into different types of charts to challenge myself as I grow my skills. I have to say I think I will like charting stocks as they each are pretty unique and are in their own right a puzzle to solve. I see this movement as Google's struggle to figure out where they belong in an ever changing digital world as some of their products grow stagnant and are being outshined by such things as Amazon Web Services. If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains.
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GOOG Alphabet Stock SplitGOOG 20-for-1 stock split is scheduled to occur on July 15.
Companies that that did stock splits statistically had outperform the market in the 12 months following the split.
I think we will se GOOG trading at $2350 ahead of the split.
Looking forward to read your opinion about it.
GOOGL Earnings Miss | YouTube revenue disappointsYouTube has more than 2bn monthly users.
YouTube revenues rose 14% to $6.9bn, below the $7.5bn expected by analysts.
YouTube revenue disappoints on growing TikTok competition concerns and Ukraine war which impacted YouTube ads.
GOOGL 23% increase in revenue in Q1 to $68bn, but below forecasts for $68.1bn.
In 2021, revenues increased 34%.
Considering the above, future growth is not so sure.
I expect a retracement to the $2100 level.
Google broken through key support? Alphabet
Short Term - We look to Sell at 2458.30 (stop at 2544.79)
Preferred trade is to sell into rallies. Previous support level of 2500.00 broken. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile. We look to set shorts in the early trade.
Our profit targets will be 2173.56 and 2014.00
Resistance: 2500.00 / 2800.00 / 3000.00
Support: 2300.00 / 2000.00 / 1800.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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 ...