GOGLD trade ideas
ALPHABET: Double Bottom Spotted ALPHABET: Double Bottom Spotted.
After a long downtrend market, a double bottom is spotted in daily time frame.
The downtrend Market structure has already been broken in last two trading sessions.
Investors are showing more interest in this stock.
This may result in a bullish rally of the stock.
Stock is expected to test the level of 122$ per share in upcoming trading sessions.
On down side price level of 82$ per share may hold the key support.
GOOGL - Bullish caseBullish senario is we broke-out a falling wedge and retested already..
A move above last week high could confirm this.
Flow has been bullish for this week (07/07) and nest week 14/07.
MACD & TTM squeeze looks ready for another run.
momentume has been buliding
GOOGL - bearish caseAlthough flow has been bullish on this name
i can't ignore this bearish senario
we could have retested and rejected the neckline ... possibility of breakdown and filling below gap is high.
some news about google and pivase e has been circliting and that could push it down.
I don't know.. PRICE ACTION is king so let's focus on that
#GOOGL As 113/110 Supports Target 137 NextIn this update we review the recent price action in. GOOGL and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
Short term bearish trend confirmed in $Googa. A decisive fight going on between bulls and bears. With formation of tri star doji formation on daily chart.
Bear Flag formed on weekly chart and extended.
In line to my expectation stock broke down. Retailers Haunted by FOMO entering at 120 levels preventing the sudden fall but could not prevent the correction of 9.77% over the period of last 4 weeks. Bearish short-term trend confirmed. Daily RSI below 50 and weekly RSI below 60 confirms the bearish trend. All rise in prices will be met with selling until 127 is breached.
Next buying opportunity can be opened up around 109-112 range.
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- GOOGL team bear
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change dollar with googledollor next month will continue to drop again and here is an opportinity to change you currency with. google
Hey Google...Painfully obvious this is going to new highs...not really much else to say except bears suck lol.
Google buying opportunity lowerI have my eye on google. I am not looking to short it, It is simply on the watch list.
I have recently taken profits from higher volatility plays, and i would like to deploy the capital if we get to levels.
The macd is showing that momentum is building, it has nothing more to tell me on the 4 hour, daily, or weekly...
the obvious area of support is highlighted, and could make a beautiful inverse head and shoulders for a macro bottom that would be in place for years.
Will it happen? who knows. But ill be ready.
Trading should be made simple. #GOOGLYou don't need a super complicated trading strategy to make money. You need a sound risk/money management, realistic expectations and abuncance of patience.
When price is below 20/50/200, you just simply stay in cash. When price is above 20/50/200.. wait until it has form a base and/or made a decent pullback. Wait.
GOOGL setting up for a leg up?GOOGL recently bounced off the 50 EMA and the support at 117. If it holds over 120 it may be looking for a move back towards the 127 key level. The technicals are beginning to set up but no confirmation on the longer time frame candles other than a strong support at the 117 key level.
Short GOOGLWith the antitrust suite looming. National recession sentiment high. This is poised for a retracement. Low target 103.5
$GOOGL with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:GOOGL after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
$GOOGL Analysis, Key Levels & TargetsNASDAQ:GOOGL Analysis, Key Levels & Targets
I could definitely see lower, but 108 would be a great entry….
GOOGLE: Hit the 1D MA50 after 3.5 months! Rebound ahead?Google hit two days ago the 1D MA50 for the first time since March 15th and is already rebounding. The 1D technicals are neutral (RSI = 49.273, MACD = 1.050, ADX = 30.515) indicating that the first buy in some time can be justified on the current level buy attention is required as the downside has technical extension potential.
We are taking this opportunity to place our first buy and target the R1 (TP = 130.00) but if 1D closes the candle under the MA50, we will realize the loss, sell with TP = 108.00 and then reverse to buying again (TP = 130.00) assuming the 1D MA200 holds as the long term Support.
The 1D RSI touched its HL trendline, which empowers buying on the current level.
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GOOGLGOOGL is in falling wedge , wedge resistance area around 125, Stop loss below 116, if wedge is broken we may revisit area 130 and above
Alphabet vs. Tech Giants: Analyzing Investor Pessimism...Alphabet, the parent company of Google, has faced scrutiny from various angles, including the emergence of artificial intelligence (AI) tools like ChatGPT, heightened regulatory oversight, and a slowdown in digital advertising spending. Despite being a major player in the technology industry with diverse ventures, Alphabet's stock performance has garnered more skepticism from investors compared to other prominent tech companies.
Although Alphabet has seen a modest increase of over 9% in the past 12 months, it has lagged behind its counterparts and the overall performance of the S&P 500 index.
While Alphabet is considered a solid investment, it is crucial to consider the timing of investing in the company. Despite its long-term potential, the current circumstances call for cautious evaluation.
Alphabet has been entangled in prolonged legal battles with European Union regulators for over a decade, primarily related to antitrust violations. The company has incurred substantial fines from the EU, including a $3.5 billion penalty in June 2017 and a fine exceeding $6.1 billion in September 2022. More recently, the European Commission has notified Alphabet of its breach of EU antitrust rules, specifically in the advertising technology (adtech) industry. Bloomberg has reported that the EU may impose another significant penalty, potentially surpassing $8 billion.
Apart from the financial implications, the potential requirement for Alphabet to restructure and divest portions of its adtech business to maintain operations within EU countries is a significant concern. This obstacle looms large, considering that Europe, the Middle East, and Africa (EMEA) contribute 30% of Alphabet's revenue.
Considering all these factors, it is essential to carefully assess the risks and potential consequences before deciding whether it is the right time to invest in Alphabet.
Alphabet heavily relies on Google's advertising business, which accounted for $54.5 billion out of its total Q1 2023 revenue of $69.7 billion. It constituted over three-quarters of the company's fiscal 2022 revenue, underscoring its importance to Alphabet's overall financial performance.
Despite a 2.6% year-over-year revenue increase in Q1, Alphabet experienced an 8.2% decline from Q4 2022, with Google's advertising revenue declining for consecutive quarters. Recognizing the risks associated with a weakened advertising business, Alphabet has prioritized diversifying its revenue streams, particularly through the growth of Google Services and Google Cloud. Google Cloud revenue reached $7.4 billion in Q1, up from $5.8 billion in Q1 2022, and has finally achieved profitability.
For Alphabet to ensure long-term sustainability, it must rely less on Google advertising and focus on strengthening other segments, especially Google Cloud, which currently lags behind competitors like Amazon Web Services and Microsoft Azure in market share. However, the profitability achieved in Google Cloud is an encouraging sign for investors.
Returning to the initial question of whether Alphabet is a favorable investment at present, the answer is yes for long-term investors with a substantial time horizon. Alphabet possesses the resources and resilience to withstand the challenges it faces. Concerns regarding Google search are valid but possibly overstated, as it will likely remain a significant revenue source for the foreseeable future, albeit with reduced reliance.
However, the response becomes more complex for investors concerned about short-term stock performance. The overall hype surrounding the tech industry has propelled Alphabet's stock price by over 35% year-to-date as of June 23. Nevertheless, a market pullback, not only for Alphabet but also for the tech sector as a whole, may be on the horizon.
Given the circumstances, it may be an opportune time to gradually accumulate Alphabet stock through dollar-cost averaging. This approach involves consistently investing fixed amounts over time, thereby mitigating the impact of short-term market fluctuations.
Google -> Pumping With The AI HypeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just retested and with a weekly bearish candle perfectly started to reject major previous structure at the $130 level.
You can also see that weekly market structure is still quite bullish, Alphabet is now retesting the 50% fibonacci retracement level and also previous weekly resistance which is now turned support at the $120 level so I simply do expect more continuation towards the upside from here.
On the daily timeframe you can see that Google stock just created and confirmed a daily head and shoulders reversal pattern so I am now just waiting for a break back above the neckline - then we would also have bullish market structure again - and then I simply do expect also a daily rally to retest the next resistance at the $130 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GOOGL price inside the channelOn 4h time frame we can see that the price remains inside the channel.
If the price retests the downsloping support , it would be the entry for a long position.
The target would be at the downsloping resistance.
If the price moves higher and retests the resistance , it would be the entry for a short position.
We would target the lower boundary of the channel.
2 possible scenarios are shown on the chart
