Googletrading
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.
GOOG $ Breakout Levelwe just tested our resistant last week, now if we have a breakout from this level , we going to test 2 level of resistant, which the second resistant will give us the breakout to all time high for this year , over the 160$+.
the bottom that we should hold for this year if we want to see this movement , is holding above the 100$ support .
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 $2100 level.
Google Ready to Bounce?Alphabet
Short Term - We look to Buy at 2524.87 (stop at 2472.74)
We look to buy dips. Previous support located at 2500.00. The medium term bias remains bullish. Although this gives the medium term bias a mild bearish edge, we expect intraday trading to continue to be mixed and volatile. Trading close to the psychological 2500.00 level.
Our profit targets will be 2677.46 and 2826.06
Resistance: 2700.00 / 2850.00 / 3000.00
Support: 2500.00 / 2400.00 / 2220.00
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GOOGLE -- It keeps getting stuckAs can be seen in the chart, there is a great squeeze in both prices and RSI. This is a bit scary of course ...
This tightness can continue up to the level of 2200$ 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 ...