GOOGCL trade ideas
GOOGL:A Compelling Investment Opportunity with Growth CatalystsAlphabet, with its heavy reliance on digital advertising, faces challenges during weaker economic periods. However, its recent revenue growth slowdown of 3% reflects the current macroeconomic conditions. To address this, Alphabet is implementing cost-cutting measures, including significant layoffs.
Despite these challenges, Alphabet's shares have seen a 40% increase in 2023, albeit remaining 17% below their all-time high. The question arises: Is Alphabet a good investment? The answer is a resounding yes, and here's why.
Google Search, contributing 58% of Alphabet's ad revenue, maintains an overwhelming global market share of 92.8%, while competitors like Bing struggle to gain traction. Thus, Google's dominance remains secure.
Alphabet's Google Cloud Platform (GCP) shows impressive growth, with revenue increasing by 28% year over year, outpacing Amazon Web Services (AWS). GCP's recent achievement of its first operating profit indicates further potential for increased profitability.
Alphabet's commitment to artificial intelligence (AI) is evident, enhancing search capabilities, providing real-time updates, and combating spam. The integration of AI across Workspace products and tools demonstrates Alphabet's ongoing commitment to innovation.
The Other Bets segment, including Waymo, Alphabet's autonomous driving unit, is making strides. The recent partnership with Uber expands Waymo's reach and paves the way for mass adoption of autonomous driving technology.
Despite the surge in shares, Alphabet's valuation with a trailing P/E ratio of 27.6 and forward P/E ratio of 23.2 appears reasonable, considering its dominant position and growth catalysts.
Alphabet generated $17.2 billion in free cash flow, showing a 12% increase, and maintains a robust balance sheet with $115 billion in cash and securities, enabling it to pursue new initiatives.
Considering these factors, Alphabet presents an attractive investment opportunity and can serve as a core holding in a long-term portfolio strategy.
GooglPrice formation is starting to come together.
Ascending triangle forming which is bullish.
Google has basically consolidated the entire week while other tech names moved higher.
Long over 126.50
Stop loss 125.00
Target 1 -130
Target 2 - 133 gap close
Macd has turned bearish so I'd definitely wait for a leg above 126.50 before a long.
You see the 21ema on the 4hour chart? Only short below that, otherwise they will push this higher..
Possible breakout by Tuesday
GOOGL, 10d+/-22.13%falling cycle -22.13% more than 10 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
longs should be cautious here ๐ฏ Feb 14th I pointed out the clear support and had bullish bias, congrats to longs that added the dip.
Today I am pointing out the trend resistance from 2022, rejection here and break of 119.7 leads to big dip and potential dip entry for longs โ
Bearish short term bullish long term on GOOG, break of 127 soon and we may not see a short trigger break.. boost and follow for more! thanks ๐
Going To Test Resistance Google is on track to test resistance at 126.00 a share based on candle stick analysis and triple confirm indicator. Triple confirm is not reliable on its own but works great in conjunction with other indicators. MACD is barely just starting to show a slow down in decline and tomorrow could be a start of a reversal.
Google - nice short setup is cookingI count GOOGL as start of wave circle C of iv where wave (1) is done and a pb in wave (2) is in action. Wave (2) is shortable from the 100 zone. A=C rule gives us a target of 60 for the whole wave iv correction. Would be a great long opportunity sometime in 2024-25. Longer-term count will be posted separately.
Google Update: Chop or DropGoogle has hit past the 1.0 of our A-B move, and also made the OMH I called for in my last post. This count now appears to be complete to me. Could there be OMH? Sure, Absolutely! But IT IS NOT REQUIRED . I remember reading somewhere that "it aint over till the last 5 says so" lol. I'm sure I said it wrong but the point being is if we do make another high it shouldn't be much.
On the graph, I drew a box for what is the normal end target for this A-B move up. We could technically go all the way up to the 1.382 and still be considered "normal". Until "the last 5 says so" we will chop in this box inching higher and higher until....BOOM! The bottom will drop, and you'll be scratching your heads thinking, What just happened?
I could be wrong. I am not a fortune teller. I only post the probabilities according to my analysis. At this juncture though, it appears a decent drop is on the very near horizon, and I don't want to be on the long end of that when it comes. All that being said, there is still all of the stuff going on with the fed and the debt limit. You never know what could become of all this. Just be careful, and above all USE STOPS!!!
Bonam Fortunam,
--Tyler
Best Value AI PlayAlphabet trades at 20x earnings vs. Microsoft's 29x. Bard is a worthy competitor to ChatGPT and we remind readers that Alphabet continues to be the world's dominant advertising business. Preference is GOOG, MSFT, AMZN in order. Strongly prefer GOOG to MSFT given valuation discount. We see upside for Alphabet at $140 per share and downside at $110. Read more at research.blackbull.com
GooGusd are you rdy for buy ๐งจ๐โคThe 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.