GOOGLE Stock Chart Fibonacci Analysis 042723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 105/61.80%
GOOGL trade ideas
GOOGL Alphabet Options Ahead of EarningsI you haven`t sold GOOGL here, to buy it cheaper later:
Then analyzing the options chain of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the $106.5usd strike price Calls with
an expiration date of 2023-6-16
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Mega-cap tech earnings watchMSFT, GOOGL, AMZN & META Mega-cap tech earnings are this week. This is a 4x split frame 1 day (16hr ext) chart using TTCATR, pi RSI & FibMAI indicators.
Market Capitalization
#2 MSFT 2,067.29 B
#3 GOOGL 1,357.08 B
#4 AMZN 1,066.22 B
#7 META 537.08 B
GOOGL 4/25 @ 4pm
Q1 March 2023 Consensus:
EPS = 1.06
Revenue = 68.85 B
P/E = 25
SMA50 = 99
SMA100 = 96
SMA150 = 96
SMA200 = 101
TTCATR VWMA20
R3 = 114
R2 = 111
R1 = 108
pivot = 105
S1 = 101
S2 = 98
S3 = 94
4/28 expiry options data:
Put Volume Total 33,198
Call Volume Total 42,532
Put/Call Volume Ratio 0.78
Put Open Interest Total 97,001
Call Open Interest Total 134,835
Put/Call Open Interest Ratio 0.72
5/19 expiry options data:
Put Volume Total 5,085
Call Volume Total 10,756
Put/Call Volume Ratio 0.47
Put Open Interest Total 116,115
Call Open Interest Total 156,096
Put/Call Open Interest Ratio 0.74
MSFT 4/25 @ 4:05pm
Q3 March 2023 Consensus:
EPS = 2.22
Revenue = 51.03 B
P/E = 31
SMA50 = 270
SMA100 = 257
SMA150 = 250
SMA200 = 255
TTCATR VWMA20
R3 = 307
R2 = 300
R1 = 292
pivot = 285
S1 = 278
S2 = 270
S3 = 263
4/28 expiry options data:
Put Volume Total 45,912
Call Volume Total 46,653
Put/Call Volume Ratio 0.98
Put Open Interest Total 82,334
Call Open Interest Total 82,492
Put/Call Open Interest Ratio 1.00
5/19 expiry options data:
Put Volume Total 14,903
Call Volume Total 41,637
Put/Call Volume Ratio 0.36
Put Open Interest Total 124,435
Call Open Interest Total 151,318
Put/Call Open Interest Ratio 0.82
META 4/26 @ 4:05pm
Q1 March 2023 Consensus:
EPS = 1.96
Revenue = 27.61 B
P/E = 25
SMA50 = 195
SMA100 = 165
SMA150 = 150
SMA200 = 154
TTCATR VWMA20
R3 = 232
R2 = 226
R1 = 219
pivot = 212
S1 = 206
S2 = 199
S3 = 193
4/28 expiry options data:
Put Volume Total 16,881
Call Volume Total 34,914
Put/Call Volume Ratio 0.48
Put Open Interest Total 88,603
Call Open Interest Total 134,251
Put/Call Open Interest Ratio 0.66
5/19 expiry options data:
Put Volume Total 5,151
Call Volume Total 4,777
Put/Call Volume Ratio 1.08
Put Open Interest Total 127,386
Call Open Interest Total 183,520
Put/Call Open Interest Ratio 0.69
AMZN 4/27 @ 4pm
Q1 March 2023 Consensus:
EPS = 0.21
Revenue = 124.47 B
P/E =
SMA50 = 98
SMA100 = 95
SMA150 = 99
SMA200 = 107
TTCATR VWMA20
R3 = 114
R2 = 110
R1 = 106
pivot = 102
S1 = 98
S2 = 94
S3 = 90
4/28 expiry options data:
Put Volume Total 32,178
Call Volume Total 87,729
Put/Call Volume Ratio 0.37
Put Open Interest Total 190,829
Call Open Interest Total 339,062
Put/Call Open Interest Ratio 0.56
5/19 expiry options data:
Put Volume Total 6,032
Call Volume Total 11,476
Put/Call Volume Ratio 0.53
Put Open Interest Total 170,311
Call Open Interest Total 292,932
Put/Call Open Interest Ratio 0.58
GOOGLE Ahead of a 1D Golden CrossAlphabet Inc (GOOGL) is about to form a Golden Cross on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). This is a very bullish pattern, that can be enough to break above the Channel up pattern that the stock has been trading in since the November 03 2022 market bottom. In that case we will target Resistance 1 at 122.50.
If however we get a candle close below the 1D MA200, we will sell towards the bottom of the Channel Up and then buy for a 115.00 Higher High target.
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Big Nothing Burger from GoogleDespite posting almost HKEX:1 Billion in un-expected revenue Google has yet to rally like Meta and MSFT. This supports my primary count of having topped already. That doesn't mean we can't go higher. We still haven't hit the 1.0 of this ABC retrace, this would be a shallow retrace, and until we have conformation, I will leave the ALT count up showing we can still get OMH. I drew a target box labeled ((A)) or ((1)), but that box is assuming we have in fact topped. If we end up getting that OMH those targets will change.
I labeled it ((A)) or ((1)) due to the fact that it could be another A wave forming within our Cycle Wave IV, or it could be the beginning of the C wave. I'm leaning towards the prior strictly due to timeframe. Wave II wasn't very deep, but it did pass the 0.5 fib, so it wasn't exactly shallow either. Due to the rules of alternation, I would assume our Wave IV should stay above the 0.5 fib line of Wave III. This gives credence to the next drop being an A wave because it would help drag it out making wave IV longer.
By now this move up, rather it has OMH to the 1.0 or not, is almost over. IMHO it is not wise to go long in this area as you could very easily get caught in a trade and lose big. This is also why stops are so important!!! I can't say it enough, stops help save capital when you're wrong, and it helps to protect profits.
Bonam Fortunam,
--Tyler
Google -> Finally The BottomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the HKEX:104 level.
You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily HKEX:107 resistance before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Google Elliot wave Analysis Predictive CountNostradamus here, predicting a final wave down of a 5-5-3 elliotwave sequence that began last Jan 2022. The final leg down. I think google may beat earnings, so take this with a grain of salt
GOOG: sell ideaSell idea on GOOG as you see on the chart after the breakout of vwap and support.Thanks!
GooglPushing up to 111 inside this wedge...
Earnings tomorrow, I don't know what the reaction will be.
105 stop loss
Google Long TermOn the Chart, my primary count shows that Google is not quite done with SC Wave 1. However, labeled in turquois, is my ALT count which suggest we finished SC (I) and have started to head down for SC (II). Either way, rather my black prevails, or my turquois count is correct, we're headed lower. Turquois suggests we're headed as low as HKEX:20 , whereas black suggests a target of HKEX:30 - HKEX:70 with HKEX:40 - HKEX:50 most likely.
I understand that is a large target box, but until we get more solid information, I cannot give more detailed boxes on the long-term outlook. However, this wave IV should end somewhere around the previous wave 4 of a lesser degree, between the 0.786 -1.0fib lines, & the 0.382 retracement fib. All of this points to the HKEX:40 dollar level...thats a 50%+ decline!!
Bonam Fortunam,
--Tyler
Bear Flag Appearing Once AgainSame type of bear flag is forming on GOOG that should result in the downside unless they smash earnings. A big reason fundamentally is Google's lack of AI development compared to Microsoft's.
Neutral GOOG | Earnings week ahead. Potential Bear Flag at playAlphabet, Inc. engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
It operates under the Google Services and Google Cloud segments.
The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
The Google Cloud segment offers Google Cloud Platform and Google Workspace.
Earnings week continues for Big tech. NFLX & TSLA dropped on earnings update, will the AI kings lead the market lower this week if they miss and don't mention AI?
Technically,the daily continues on a distribution, a break below HKEX:104 , favors a short towards HKEX:95 ;
Disclaimer: No position open. Not financial advise nor recommendation.
GOOGLE +8%A massive profit driver for the company, this is the main ingredient in making Google a safe investment. Nearly 90% of Google's earnings and revenues come from search. These profits and revenues fund the projects Google hopes become future profit centers.
Google Map Support/Resistance ModelThis is a Gann model of support resistance of a Google trading map.
GOOG: Sell ideaOn GOOG as you see on the chart we have the breakout of vwap so it's mean that we will have a big probability to have a downtrend.Thanks!
ALPHABET-GOOGLEThe price has already broken out from the trend line where 30ma and 50ma is about to cross over 200ma (Golden cross). Moving averages are all positive and shifting upwards showing bullish momentum. The price has contained inside the channel pattern which breaks out tends to wave c or wave 3.
$GOOGNASDAQ:GOOG continues to create new HLs. It's in a bullish trend and I see it testing HKEX:123 -ish. HKEX:115 is it's next target.
Next target to $41.09 for Alphabet ?Here is my point of view about Google.
Based on my Elliott Wave, the bear trend could come back the next week (April,17) after the optimistic Bull run from March,13.
We reach the the Fibonacci Ret 0.382% and the ii circle degree seems to be done after a complex correction in ABCDE.
And about the Time the Ret and Projection both are pointing April, 6 and 10.
My concern now it's the indicator DT Oscillator who seem to be not ready for a reversal now.. so it's might be sideway to down the week of April,17 and wait 1 more week to be ready for a reversal during the week April,24.
If this post was useful to you, do not forget to like and comment.❤️ 🙏
Kindly,
TradingX30
Y.F
Google.usdGoogle has been bullish for several years and I expect the price to rise again. I think the price will face support from around HKEX:88 and reach around $180. Good luck.
Long-term long AlphabetMonthly chart shows 0.618 retracement, consolidation, and a move away from consolidation.
GOOG: Buy idea Buy idea on GOOG as you see on the chart because we have the breakout of resistance line.Thanks!
$GOOGLE GOOGLE has set the stage for 2nd stage BO , an ideal setup for seasoned investor to enter . Although i am not happy with the EPS de-growth here. But the so called value buyers may have a gd entry point now!
