$GOOG Diamond top?Goog has a rare Diamond Top setting up in the next week or two we have an extreme downward turn or a 3rd Elliott Wave up
GOOGL trade ideas
Google holds a favourable position in the AI competitionThe competition within the artificial intelligence industry continues. According to a report from Alphabet Inc., its proprietary product, the Gemini AI model, has demonstrated promising results compared to its competitors. It is reasonable to assume that increased competition will improve product quality, providing Google with every chance to capture a substantial share of this market.
So today, we suggest examining the Alphabet Inc. (NASDAQ: GOOGL) stock chart.
On the D1 timeframe, support formed at 120.21, with resistance at 139.36. A relatively wide channel has appeared on the chart, with a high probability of breaking its upper boundary. A significant support level is at 127.22.
On the H1 timeframe, a short-term target for the price increase can be set at 151.29, while in the medium term, it could hover around 165.
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Magnificent sevenDaily chart.
Comparison between Magnificent seven and S&P500.
Profit taking?
Make up your mind.
Google @134.22When you look at the chart NASDAQ:GOOG above you will notice
that The MACD indicator is red below
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this shows maximum panic from the crowd
also a good time to buy from the bottom
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Disclaimer: Remember this is not financial advice do not buy or sell
anything i recommend to you
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GOOGLE: Strong buy for $155.Google opened today under the 1D MA50, neutral on its 1D technical outlook (RSI = 48.601, MACD = -0.240, ADX = 32.196). Through out 2023, a 1D RSI value below 50.000 has been a buy opportunity and even more so now that the price is near the bottom of the twelve month Channel Up. This consolidation during the last Bullish Leg of the Channel Up (April 6th - May 5th), was the last buy opportunity before the stock resumed the rise and peaked over the 1.618 Fibonacci level for a HH. We are buying again on GOOG, this time aiming over its All Time High, exactly on the 1.618 Fibonacci (TP = 155.00).
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📈 Google Analysis - A Conundrum! 🚀Our entry into Google was perfectly timed, thanks to the limit order. Now, we face the challenge after our subordinate 5-wave structure, where we completed Wave 1 with an abrupt Expanded Flat (a, b, c). The question arises: is this already Wave 2, or is it Wave ((a))? Currently, it appears to be a triple correction upward, specifically a Regular Flat.
Possibly, there might be a downward correction, perhaps to a Double Bottom around $128, the level of our entry. That would then finalize Wave 2. This scenario is possible, though not definitive. There could be another decline in Google in the coming days before it takes a decisive upward turn. 📈🚀
Googl Diamond top showing here...
Pattern is bearish and Valid below 140.
This week support is at 133 (21ema/50sma).. i believe we will test support..
Below 133 and we head back to 130 or trendline support
Diamond top targets are usually the length of the diamond like so
Bullish on GOOGLGoogl looks like it’s trying to complete a heads and shoulders. Analysis of a heads and shoulder states that a buy should not be taken until the neckline is broken
Downside for GOOG to 128 areaWe broke structure on last push down below 128, we just had a retest at 140 creating a double top. I think we see another push to 128 before deciding next move.
XAUUSD GOLDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed Impulsive Waves and making its Correction in Consolidation Phase if it Breaks the Upper Trend Line or Lower Trend Line and Retest then it will make its Impulse Again. Divergence in RSI
Entry Precautions :
Wait for the Retracement
Google this Honey to 162Google this Honey to 162, AI or not this is Monopoly on Search, no competitors in sight. BTD
Alphabet Inc. (NASDAQ: GOOG) Currently in an Uptrend MoveGOOG is currently in an uptrend, as it is above the 50-day EMA, the 100-day EMA, and the 200-day EMA. The 50-day EMA is also above the 100-day EMA and the 200-day EMA, indicating a strong bullish momentum. The stock recently bounced off the 50-day EMA, which acted as a support level, and broke above the previous resistance level of $1,500. The next resistance level is around $1,600, which is the all-time high reached in October 2020.
The stock may face some profit-taking or consolidation near this level, but if it breaks above it, it may continue its uptrend. The next support level is around $1,450, which is the previous resistance level and the 50-day EMA. If the stock breaks below this level, it may indicate a weakening of the bullish trend and a possible reversal. The next support level is around $1,350, which is the 100-day EMA and the previous support level. A break below this level may confirm a bearish trend change and a possible death cross.
$GOOGL $GOOG Bullish megaphone formingWatching the megaphone here. usually favors a bullish resolution. It's in a decent uptrend and currently lagging the rest of FANG. a top 25 nasdaq performer this year that I think will be playing catch up soon.
Price Action Volume _ GOOGLPrice Action &Volume are essential components of technical analysis in trading, and combining them can create a powerful strategy.
Remember, success is guaranteed only when combined with crucial risk management.
Alphabet Inc (Google) Class ADaily chart with ichimoku.
In short, I don't like the graph very much.
Make up your mind.
$GOOGL Buy Target 119NASDAQ:GOOGL Buy Target 119
Buy Target 119…
5-year volatility has expanded here as well… assuming this is top of the swing high then 119 is the buy target….
I will be doing target projections all weekend... so let me know if there's any that you want to see... This gives me an opportunity to see charts I may not have seen in a while...
Magnificent sevenGood morning,
Daily chart with ichimoku.
Market breathing to break the 1.618 fibo retracement?
Make up your mind.
Have a good week on the markets!
GOOGLE Buy the pull-back for a $145 Santa's rally.Alphabet Inc (GOOG) gave us a great +20% pre-earnings bullish signal last time we looked at it (July 25) that hit the $140.00 target before pulling back (see chart below):
Right now the price is above the 1D MA50 (blue trend-line), within two Channel Up patterns, with the latter being the (diverging) dotted one. With the 1D RSI hitting its Lower Highs trend-line that has caused technical pull-backs since July 28, we expect a short-term correction near the 1D MA50 and then rebound to price the Channel Up Higher High at $145.00. That will complete a +20% rise from October's bottom, which has been the average % rise for a bullish sequence within 2023.
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GOOG: Technical Trade AnalysisOur portfolio is up by 17% over the last month 🍾🍾. Here is the link:
www.tradingview.com
Here is the latest analysis of our GOOG trade:
Analyzing the provided chart for Alphabet Inc. (Google) Class C on NASDAQ (GOOG), we can consider several key aspects to determine potential exit strategies in line with Mark Minervini's swing trading approach:
Moving Averages: The stock is currently trading above the 50-day moving average (MA), which often acts as support in an uptrend. As long as the stock remains above this moving average, it could be considered to be in a healthy uptrend.
Volume: There is no visible volume spike on the entry day; however, subsequent days show average to above-average trading volume, which is generally positive for a continued uptrend.
Bollinger Bands: The price is approaching the upper Bollinger Band, which could be an area of potential resistance. Some traders might consider taking profits as the price touches or breaches this upper band, especially if it coincides with other signs of overextension.
Relative Strength Index (RSI): The RSI is approaching overbought territory but is not yet above the 70 level, which might suggest caution but not necessarily an immediate exit.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and above the zero line, which is bullish. There is no immediate sign of a bearish crossover, which would be a potential exit signal.
IBD RS (Investor's Business Daily Relative Strength): The IBD RS line is trending upwards, indicating the stock is performing well relative to the market.
Considering Minervini's strategy, which typically involves selling on strength rather than weakness, potential exit points could be:
Break of Trendline: If the stock breaks below the short-term moving average or a trendline support, it could be an indication to exit, especially if the volume increases on the downside.
Technical Weakness: Any bearish reversal patterns, such as a bearish engulfing candle or a high-volume decline through the 50-day MA, could signal an exit point.
Profit Target: If the stock reaches a predetermined profit target, such as a percentage above the buy point or a previous high, it might be a good time to take profits.
Time Stop: If the stock hasn't met the expected price target within a specific time frame, it might be prudent to exit the position to avoid opportunity costs.
Given these considerations, it's also important to have a pre-determined trailing stop-loss to protect profits. If none of the exit criteria have been met but the stock continues to make higher highs and higher lows, maintaining the position with a trailing stop-loss could be a suitable strategy, adjusting the stop-loss upwards as the stock appreciates. Remember to continuously monitor the position and market conditions, as things can change rapidly.
Magnificent seven - USAGood morning,
Chart of the 7 largest US capitalizations, with ichimoku and Fibonacci.
It can be noted that the ratio of 1,618 has been reached.
The beauty of technical analysis.
Make up your mind.
Google In Talks To Seize Major Stake In UK Challenger MonzoAlphabet, the parent company behind Google, is reportedly on track to seize a major stake in the digital retail bank Monzo as it leads investors in a fresh funding round.
Alphabet will leverage its independent growth fund Capital to pour between £300 million and £500 million into the UK-founded challenger, valuing it above £4 billion, Sky News reports.
Also set to include new and existing investors, sources tell Sky News that the round could close before the end of the year, however final details are yet to be released.
The challenger last raised over £377 million ($500 million) in December 2021 in a Series H funding round led by Abu Dhabi Growth Fund, with participation from Accel, General Catalyst, Goodwater, Passion Capital, Octahedron and Thrive along with new investors Coatue and Alpha Wave Ventures.
Last month, Sky News reported that Monzo was looking to raise £300 million in fresh funds through a share sale, and is believed to have engaged with a number of blue-chip investment funds.
The move is thought to be clearing the way for the challenger to go public, while ex-Cash App head Conor Walsh and Brolly founder Phoebe Chibuzo Hugh have been brought on-board to lead both its product and market expansions.
It’s not clear when or where Monzo will induce a stock market floatation, but Alphabet and its long history of acquiring companies that go public inching ever closer into its ownership structure could provide the finishing touches to its final preparations.
Price Momentum
GOOGL is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Google... Something is about to be completedAfter a sequence of 5 waves in Elliott wave structure, we are supposed to see a significant correction.
Similar outlook on MSFT , this seems to be printing the wave 5. And this one at the moment looks weak.
Soon we might be looking for shorts.
GOOG reclaims MA's and Bull market trend. Fundamentals onside.TA
GOOG reclaims Cuban's VWAP and the Guppy Multiple Moving Average including a buy signal to boot. Falls on Friday and bounces perfectly off demand.
FA
Given the chaos at OpenAI I can think of no other company better positioned to seize market share in the AI space.
Consider taking profits at top of range (Price limit) or end of favorable December seasonality (time limit). See our work on the 10 year US treasury rates to see our case for a Santa rally!
