#Google versus #SilverJuniorMiners#Google versus #SilverJuniorMiners
Now, IF ever the price goes back in the wedge...
That would be a MASSIVE false breakout and enact a FAST MOVE in the opposite direction.
GOOGL trade ideas
Post-event high PoP STRANGLE on my favorite techstockOf course! Here's a polished version for your blog post in English:
Post-Event Strangle with 51 Days to Expiration
IVR30
Probability of Profit (PoP): 69%
Max Profit: $260
Required Buying Power (Req.BP): $1627
Explanation to follow.
(NASDAQ: GOOGL) Is Alphabet Inc. a Buy?Thinking about the big picture
I always stress how important it is for long-term investors not to get caught up in any single quarter's performance. If you plan to own a stock for five or 10 years, what happens in any three-month period is hardly important in the grand scheme of things. This same approach should be applied to Alphabet.
Yes, the market reacted negatively to the tech giant's latest earnings. But a valid question to ask is: Is this company's long-term competitive position under threat? I think the answer to that question, based on the facts, is a resounding no.
Let's focus on Alphabet's bread-and-butter search business. According to statcounter.com, it still has a monopolistic position, with just under a 92% share of the global market.
Is OpenAI's ChatGPT integration really enough for consumers to ditch Google and start using Microsoft's Bing search engine? It's a stretch for someone to believe this to be true. To be fair, the market could shift radically in the next few years, but that is almost impossible to predict. And right now Google is still the leader in search, and as a result of that, digital advertising as well.
In order to position itself for the AI wars, Alphabet has just agreed to invest $2 billion in Anthropic, an AI start-up that has created a chatbot that is a direct competitor to ChatGPT. Maybe more importantly, Alphabet is planning to launch Gemini, its internally developed generative AI model, which could be more versatile and powerful than OpenAI's offerings. This could quiet the doubters who think this business is falling behind.
Additionally, investors have to ask if the growth of AI will really bring about entirely new use cases for consumers and businesses, or if this revolutionary technology will simply improve what already exists. As of right now, it looks like the latter will happen. And "with 15 products that each serve half a billion people, and six that serve over 2 billion each," according to CEO Sundar Pichai, Alphabet already owns some of the most popular, widely adopted internet properties on the face of the planet. This gives it a huge leg up to introduce AI innovations to an existing user base.
Calls googleI'm highly speculating here, looks like support is holding and next week could be a green week. Price is oversold and support holing, is a good combination. I think we might open with a gap up on Monday.
GOOGLE - The warning signs were thereWe did not trade this directly because:
- We were short on both the Nasdaq and the SPX500.
- Both the assets above had a better RR.
- Both have made us higher percentages than Google would've so far.
However, we deem it important to post google as it is exactly the type of trade set up that we preach about and showcases traditional Technical Analysis in its best light. It also drives the Index funds and so reflects how we've position ourselves lately.
Google broke down of its falling wedge and confirmed the breakdown. Before this it held a key level as resistance and was also showing extensive bearish divergence. Lastly, it was at a great value area for a short reaching just over the 0.786% retracement from the Low to ATH.
Please ask any questions you may have!
GOOG Rising Wedge Here is a simple rising wedge pattern on google with bear gap resistance above you dont want to get caught guessing the top because there is no way to tell exactly when price will reverse. Just react and catch the move when it presents itself. Expect to enter after either A) Gap Down, B) intraday Head and Shoulders or C) intraday bear flags.
Trade setup_20% wave in GOOGLEGoogle is all set to move up in wave V of 3 towards the 150$ mark.
On the way up watch out for levels 131.9 and 134. If the stock surpasses them with ease that would reduce the probability of this bounce being an "X" wave and the stock will make it to the 150 mark.
Note*- do your own study/research before taking up any financial positions.
An Interesting View of the Big 4Sometimes it helps to zoom out and look at these names from a distance.
we look at a view that's totally different from the daily or 30min charts we're staring at all day long, to just break away from the daily noise.
This is a view of my "big 4" - looking at
====================================
* weekly chart, Renko, $1 blocks
* 1 Year of data
* Most common moving averages (showing 10, 20 and 50)
* lower indicators: Relative Strength, Qtrly EPS and Qtrly Revenue (in that order top to bottom)
What do you see? Any observations stand out if you're trading these big 4 names? Feel free to capture comments and observations below.
What to look for in this broader view?
* Short, mid and long term price trends
* compare current price level to 1-year ago (or the peak before the bear market) level
* Revenue and EPS trends for the last 4 quarters
* breaking out (or below) the blue line (50MA)
* potential for price upside (psychologically - where is current price from 52wk highest & lowest levels)
* Which names are making new (13wk) RS highs or lows versus the market (these are shown by the blue/orange circles on the RS indicator)
* .... others?
My view? I'm looking at trading (and already have positions in) MSFT and GOOG - looking for an entry in AMZN, and putting AAPL on the side for now until it shows better fundamentals ..
Another point here, these charts may show all 4 names are over-extended... so when we trade them, we need to be careful with our stops.. there's always the possibility market moves back into bearish sentiment from these levels.. agree ?
Stay safe and green lines to you.
GOOGLE Stock Chart Fibonacci Analysis 103023 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 125/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Google Poised To Backs Anthropic With $2BWith a massive $2 billion reported investment from Google, Anthropic joins OpenAI in reaping the benefits of leadership in the artificial intelligence space, receiving immense sums from the tech giants that couldn't move fast enough themselves. A byword for the age: Those who can, build; those who can't, invest.
The funding deal, according to sources familiar cited by The Wall Street Journal, reportedly involves $500 million now and up to $1.5 billion later, though subject to what, if any, timing or conditions is unclear. I've asked Anthropic for comment on the matter.
It recalls — though it does not quite match — Microsoft's enormous investment in OpenAI early this year. But with Amazon committing to as much as $4 billion to Anthropic, the funding gap is probably more theoretical than practical.
The Google investment is just the latest in a developing proxy war between rival companies with a limited number of champions to back. Though all these companies are powerful and expert in many areas of technology, the simple fact is none of them would be able to stand up a credible competitor to either OpenAI or Anthropic in the area of large language models. And since everyone is also betting that LLMs are going to upend their business models and become crucial components of any future tech platform, they can't afford to not have at least partial ownership of the leaders in the space.
They have more than money, as well: It would be similarly difficult for the AI startups (though one may well question that title now) to stand up the infrastructure needed to build and deploy these AI models at the scales required to operate profitably. So the deals also involve things like compute credits and mutual aid.
Price Momentum
GOOGL is trading in the middle of its 52-week range and above its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
GOOGL, SELL, 7.67% PROFITShort selling NASDAQ:GOOGL on 10/24/2023 at market close and closed the position on 10/25/2023 at market open. Net 7.67% profit.
Wave analysis of GoogI think we are currently on the C-wave (corrective wave) on the larger trend. I sold some shares of Goog at around 140usd and took profit at 121usd. That's because I am expecting a retracement to around 130 - 136usd from the current price of 120usd.
I may re-enter at this price range. Ultimately, I expect prices to fall below 80usd.
I will update you if my bias changes.
MSFT CallsThis could be a MM Cycle
1HR
Trending Parallel formed into a MM Cycle
Looking for max pain below $120.23 then a LG back into the channel, then a chop near the highs of the channel for a breakout
Option Chains
10/27 - 11/24 shows us that the majority of positions are short leading up to $126-127
Seasonals
Choppy throughout beginning of OCT - end of NOV with a slight pop leading into the middle of NOV
Can You Explain Your Trading Strategy in 3 Sentences?Can you explain your trading strategy in 3 sentences or less?
Go ahead and give it a try in the comments below.
This is an important exercise for any trader of investor as it demonstrates mastery of an existing strategy. Meaning, if a trader knows their strategy inside and out, and has practiced it or modified it over a period of time, they also can explain it quickly and succinctly.
• Are you a swing trader? What criteria determines a trade?
• Are you a value investor? What metrics do you use?
• Are you an algorithmic trader? What code powers your trading?
All of these questions and more go into explaining your trading strategy, which is ultimately the process you're using to trade markets. However, it's often observed that new traders don't have a strategy. Instead, their trades are impulsive and random. As a community, we can use the comments section below to showcase our individual levels of expertise, helping new traders along the way and watching pro traders innovate.
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Be sure to like, follow, and comment on the traders who have the most interesting answers. You may find a great follow and improve your social feed here.
- TradingView Team
$GOOGLNot financial advice!
NASDAQ:GOOGL trying hard to take the previous month to the upside can it be a possible double top on the making!? Time will tell..
#like and #subscribe
part 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNASDAQ:NVDA NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:META NASDAQ:TSLA Price Forecast
00:00 Economic Data Psychology, AAII Sentiment Data, Earnings, Fear & Greed Index
04:00 QQQ Stock Price Forecast
07:18 Sp500 ETF Price Forecast
11:43 Tesla Stock TSLA Forecast Technical Analysis
13:45 Nvidia Stock NVDA Forecast Technical Analysis
15:48 Apple Stock AAPL Forecast Technical Analysis
17:02 Amazon Stock AMZN Forecast Technical Analysis
20:03 Google Stock GOOGL Forecast Technical Analysis
24:42 Microsoft Stock MSFT Forecast Technical Analysis
27:19 Meta Forecast Technical Analysis
Google stock to sell from portfolioHello ladies and gentlemen, according to my graphical analysis of Google stock I recommend to close all long positions in your portfolio because google stock is showing a sell signal, this is the best time to close all long positions in your portfolio and take profit.
GOOGL SHORTGOOGL has fired down out of it's rising wedge on the weekly. I would ideally want to see a backtest here to around 133-134 to get short to target 125.49 and 117.45
Setup is void above 136.95 (that would be the stop)
Google Report Crashes Stock PriceShares of GOOG and GOOGL fell about 9.5% on Wednesday, wiping Google's parent company's market value by USD 166.64 billion, the fifth-largest decline in capitalization history, according to Dow Jones Market Data.
It is noteworthy that the drop occurred as a result of the publication of a report that turned out to be better than expected:
→ earnings per share: actual = USD 1.55, forecast = USD 1.45;
→ gross income: actual = USD 76.69 billion; forecast = USD 75.95.
Why did Google's stock price collapse? Among the reasons may be the fact that revenue from cloud-based services has shown a decline. It amounted to USD 8.41 billion, which is about 2% below expectations of USD 8.6 billion, although in the same quarter last year it was equal to USD 6.87 billion, that is, an increase of 22% over the year.
However, Dan Ives of Wedbush Securities said the stock's negative reaction was "overblown." And according to analysts at Mizuho Americas, the decline in cloud revenue will be "temporary," based on what they've seen in rival Amazon's cloud business.
If the price decline continues, how deep can it be?
From a technical analysis perspective, there has been a bearish breakout of the contracting triangle (bearish wedge pattern, shown in blue lines). Having estimated the width of the wedge at points A and B, approximately = USD 126 - USD 106 = USD 20, we can plot this distance down from the breakout point C to get a guideline for point D = USD 134 - USD 20 = USD 114. That is, presumably, the price is aimed at the May gap zone.
However, to reach this level, the bears will have to overcome support around the USD 126 level, where the price now lies, having found support during yesterday's history-making decline. This support comes from a line (shown as a dotted line) parallel to the upper boundary of the bearish wedge, as well as from the $126 horizontal, which has interacted significantly with the stock price in the past. It is possible that the bears will be helped by a negative political and geopolitical background.
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Crash ? FED meeting on 31Oct 1Nov#Microsoft NASDAQ:MSFT is only 💹 + 3.07%, even after crushing earnings, while a massive tech route is dragging down the entire stock market.
If tech continues to falter, which has been propping up the whole market, then look out below.
#Google NASDAQ:GOOGL -9.52% 🔻
#stockmarket #fomc
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend.
Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend.
Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend.
In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
What just happened to Google? 9.40% crash and more to comeWell that was unexpected.
According to my sources, Google came out with positive results (despite them not being as good as Microsoft). And yet the price crashed already 9.40% without the fail safe switch on yet.
Technically, it's formed a Breakway gap.
These don't close as quickly as other gaps, but if the trend stays down.
It is likely to head to $111.50 next.
The M Formation that failed to break above the resistance also shows the bear trend for the market.
So do you know what happened to Google? Or is this Smart Money buying the heck out of it?
I doubt it...
How is the google chart bullish?Not sure about you, but #Google violated a bunch of technical support levels on smaller time frame charts.
Not something you should normally see in a strong bull market.
#fintwit #inflation #rotation #nasdaq
