GOOG (Google)| Support & Resistance - Sell Stop & Buy StopGOOG is showing sideways movement so we have drawn support and resistance levels to take buy-stop and sell-stop trades along with the stop losses.
GOGL35 trade ideas
GOOGL // Pay attention to levels 88.79 85.58.Our first support point is 88.79. Our second support point is 85.78. Those who want to buy from the resistance should look for a close above the wedge resistance in the daily. Pay attention to the wedge resistance in the weekly time frame.
GOOG bottom not in yetGoogle might be a good company, but there is no mercy for weak earnings
There is a lot of bad news in near past, you might think all cooked but looks like it didn't yet
White paralel channel was forming since 2015 and orange channel since 2021, assuming it will re-test bottom line of white channel around 70-72
MY THOUGHT ON ALPHABET INC STOCKAsset is currently trading in a channel that is also bullish. From my chart, this asset has kissed FIB 38.2 and now retracing.
There is possibility of dropping down to the next lower FIB before the bullish ride will commence toward $102 and then $108
Follow, like and share your thoughts on the asset
036. PIGGISH PLAY - Long Alphabet Inc. (GOOG)I hate to say it but I love Google. Everything it touches is amazing.
And that's all for fundamental analysis.
On the technical side, the stock has been showing signs of major bullish life. For the past month, I've observed that GOOG outpaces the market significantly on green days and also shows strength on red days. Moreover, I believe we are witnessing the start of a new bull market - as per the decennial cycle since market immemorial. The historically best period to invest money in stocks is every other "2" year - "6" year. In other words, 2022 - 2026 would qualify as such a period. which is now.
On the more technical side, I have displayed a simple Fibonacci retracement from the prior highs and is perfectly aligned with the subsequent peaks and troughs of the bear run down. The trade is to 152 for now, using Calls expiring in August and are at the current money. Play this one long and safe for the next half year and definitely use it as a cornerstone in your new bullish portfolio.
- Pigoogly Pig
NASDAQ:GOOG
SKILLING:NASDAQ
SP:SPX
Just bought some GooglePrice ~103.5$
PE (5years) 27.7
PB 5.2
Profit margin (5years) 23.3%
Equity growth YOY (5years) 11%
Not bad to own a little bit of google at this price.
50% Retracemant and Respecting the ARCFirst thing I look for is a 50% retracemant, and then I draw an arc to see if price respects it or not.
The GOOG ... RevisitedI had published an idea on GOOG in August suggesting one more decline to finish the correction. Here I am again suggesting the same.
It looks like a double zigzag correction has unfolded... There should be a move to the lower channel line ahead...a pretty significant move.
Position a short on a retracement at a little higher price? You could use a price over the white trendline as a stop point.
Here is a weekly using candle bars for an alternate view
Alphabet’s (GOOGL) price action indicating potential SUPPORT....Alphabet’s (GOOGL) price action seems to be indicating potential support at $89.50. Therefore a break below $89.50 could put further selling pressure and provide a potential short-selling opportunity. The next support is $83.45. In contrast, either an EMA10-EMA20 golden cross or MACD golden cross or a daily close above the $95 level indicate a potential rally with a retest of $102.70 resistance.
Oh, and that's interestingThis is the first time the default exit
signal in a situation, when average
line is red and in addition candle is under the line.
Let's watch.
At the very least, this is strange.
google longdemand
90 mqp
higher lows
holding structure
6 months of consolidation
all time highs
march madness
dollar weakness
nasdaq correlation
GOOGL, 10d+/39.76%rising cycle 39.76% in 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.
Google - long term view is longHere is the longer term picture for GOOGL. Once wave iv is complete around 60, I expect to see move up to 300+ level sometime in 2026-2028. Stay tuned.
Trading Idea 046: GoogleMarket Conditions:
- bullish trend
- bullish sentiment in the market
Key Level and Lines:
- $91.05 resistance
Trading Ideas:
- go long if the price moves above the resistance.
- go short if the price bounces from the resistance and the market is bearish.
GOOG - Looking to Increase Position < $900. We opened a position at $94.65
1. We bought a little at the $90 mark, and we are looking to average down aggressively
if we head to $85 for a Double Bottom;
2. Stock doesn't appear to have bottomed yet, and may retest the $85 area, at
which point we go all in and then it is a waiting game for the turnaround based on AI services, with Ad flowthru,
or just API-based services priced as if they included them.
GOOGLE BUY (ALPHABET INC)Hi there.
Price is forming a continuation pattern to the upside.
Wait for the price to complete the pattern and watch strong price action for buy.
Elliott Wave View: Alphabet ($GOOGL) May Find Support SoonAlphabet (GOOGL) cycle from 1.6.2023 low ended as a 5 waves impulse with wave ((1)) at $107.85. Pullback in wave ((2)) is in progress as a zigzag Elliott Wave structure. Down from wave ((1)), wave (A) ended at 100.87 and wave (B) ended at 108.18. Wave (C) is currently ongoing with subdivision as an impulse structure. Down from wave (B), wave 1 ended at 92.26 and wave 2 rally ended at 97.68. The 30 minutes chart below shows the starting point of wave 2 as the invalidation level.
Down from wave 2, wave ((i)) ended at 96.26 and rally in wave ((ii)) ended at 97.06. Stock extends lower in wave ((iii)) towards 89.76 and rally in wave ((iv)) ended at 91.16. Final leg lower wave ((v)) ended at 88.58 which completed wave 3. Rally in wave 4 is in progress to correct cycle from 2.17.2023 high as a zigzag structure. Up from wave 3, wave ((a)) ended at 90.26 and dips in wave ((b)) ended at 89.33. Wave ((c)) higher is expected to reach 91.06 – 92.12 area where wave 4 should end. Afterwards, stock should resume lower in a marginal wave 5 to complete wave (C) and ((2)) before it turns higher. As long as the low on 10.31.2022 low holds at 83.34, the pullback should find support for extension higher or rally in 3 waves.
GOOG Wedge becoming Channel?Last week GOOG 4H looked to set up a descending wedge pattern. With price playing out through today, could it be developing a descending channel instead. MACD flipped to positive to begin the day, but the 1H and D charts show room to the down side. NASDAQ:GOOG
Possible Adam/Eve double bottom The pattern appears to be an Adam/Eve double bottom with a breakout target to ~ 120. The price broke out of the Eve on strong volume. The price is currently retesting the price between Adam and Eve. If the price holds 94/95 then hopefully the price action will play out. I am not sure where a SL would be placed, but the risk/reward here is good with a tight SL.
Only negative will be the CPI print next week with its usual volatility.
Not financial advice.
Google positioning for contra trade! Monitor the support if this hold, we see big upside move. Make sure to follow strict stop loss.
