Alphabet Ready For a Collapse?My 06/25/23 post noted that Alphabet (GOOG) could rally above the peak at 129.55 and top somewhere in the low 130 area. GOOG rallied but has since had a sharp reversal.
MACD has a bearish lines cross and RSI has crossed below its moving average line.
A break below 115.83 could open the door for a move down to the 90 area.
GOOGCL trade ideas
GOOGL Alphabet Options Ahead of Earnings ! Sell-Off Thesis !If you haven`t sold GOOGL here:
or reentered here:
Then analyzing the options chain and chart patterns of GOOGL Alphabet Inc prior to the earnings report this week,
I would consider purchasing the 115usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $6.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time.
You can read my full GOOGL Sell-Off thesis here:
Looking forward to read your opinion about it.
Earnings 7-25Descending triangle that did not totally break to the upside. Top line slopes down and bottom line virtually flat.
Price is sitting on the former resistance line of the triangle which is now support.
On monthly timeframe there is a large Doji/indecision
No recommendation/Throwback as this turned back down shortly after breakout. Throwbacks can hurt performance.
GOOGL Short before longAs i am learning to swing trades a bit more, my take on NASDAQ:GOOGL is that we come back down to $116.68 range to finish the pattern out. I know Youtube just released news on subscription increases, which in my opinion is bullish overall. Never the less I am still looking for NASDAQ:GOOGL to give us a slight retracement back to that $116.68 range. Please feel free to comment and give your over view on it as i am trying to learn as much as possible
GOOG - BO over DTLRGOOG broke over descending trendline resistance yesterday with +20% volume; not super-impressive but SPY vol was -10% and XLK vol was -25% so clearly GOOG was getting good rotation. TRS now ascending with bullish alignment.
Need to get FT today. This area was good support back in Jul '21 and retested multiple times Jan-Mar '22 before caving in Apr. We got a retest somewhat in Aug and we're coming off yet another. So I want to see GOOG take out the last SH at $126.70, 52WH at $129.55 then possible resistance around $131.
Earnings Jul 25
Google seems to be falling along with other Fintech and giants as we can see google is consolidating at its ATH so there are good chances that, this ticker falls down and retraces down to its preview supports
as we know there are some fundamental news also going on about some anti-republican activity and censorship on YouTube and other domains in this company so we can have some fall speculation on this company for a while.
please comment your opinions
GooglWeekly right shoulder is setting up for a very large move higher.
Fib levels are from 2020 low and ATH.. As you can see 127 is very tough. I'd only go long with a close over 128.
A couple of patterns are playing out here.
The bigger picture is the Inverted H&S
The second pattern is the bullflag on the weekly. Flag took 6 weeks to form
My targets are the gaps 133 then 140. So if you're a swing trader , you would go long over 128 and take profit at 133 gap close.. le5 things cool down then go back long for 140.
Long over 128.. 126.00 stop loss
GOOG - Rising Trend Channel [MID -TERM]🔹Breakout rising trend channel.
🔹Breakout resistance at 123, signals further rise.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
GOOGLE - BULLISH SCENARIOAlphabet Inc is situated in the lower range of a robust and upward short-term trend, suggesting a potentially favorable buying opportunity. It is worth noting that if the lower trend floor at $117.50 is breached, it could indicate a slower pace of growth and potentially serve as an early warning for a shift in the trend. Based on the present short-term trend, the stock is projected to experience a 16.42% increase over the next three months. With a 90% probability, it is anticipated that the price will range between $136.79 and $157.66 at the conclusion of this three-month period.
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GOOG - Bullish PushHowdy Traders!
I would like to inform you guys on another bullish trade for this and next week. NASDAQ:GOOG has been creating a strong parallel wedge, and it was just today where it broke-out of it. Although this may be a late post, the price target for NASDAQ:GOOG is sitting at $128.35. However, the take profit zone would probably be around $128, just to be sure.
Bona Fortuna!
GOOGLE Approaching the bottom of the 6 month Channel Up.Google is under the 1day MA50 and is gradually turning into a buy opportunity.
The ideal level is as close to the bottom of the 6 month Channel Up as possible, with the RSI near the oversold 30.00 limit.
Buy after the MACD forms a Buy Cross, which was the confirmed signal in the previous two bottoms.
Target Resistance A at 129.50.
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