Hearing a bit too much about GOOGL being "cheap"In spite of bullish sentiment, I see a rising wedge bear flag pattern and a measured move
with a downside target of ~$72 which is a drop of approximately 40%.
GOOGL trade ideas
Google (GOOGL) Elliott Wave Impulsive Structure IncompleteShort Term Elliott Wave View on Google ( NASDAQ:GOOGL ) suggests it ended wave 2 pullback at 103.68. Wave 3 higher is currently in progress with internal subdivision as a 5 waves impulse with extension. This is often called nesting impulse. Up from wave 2, wave ((i)) ended at 107.49 and pullback in wave ((ii)) ended at 103.97. The stock resumes higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave i ended at 105.56 and wave ii ended at 104.11 Wave iii ended at 109.7, pullback in wave iv ended at 107.72, and wave v higher ended at 110.15 which completed wave (i). Stock then pullback in wave (ii) which ended at 106.70.
Google has resumed higher in wave (iii) again. Up from wave (ii), wave i ended at 113.83 and dips in wave ii ended at 111.75. Stock resumes higher in wave iii towards 117.92, and pullback in wave iv ended at 115.85. Final leg wave v ended at 118.48 which completed wave (iii). Expect wave (iv) pullback to find support in 3, 7, 11 swing for further upside. Potential target for wave (iv) is 23.6 – 38.2% Fibonacci retracement of wave (iii) which comes at 113.9 – 115.7. Near term, as far as pivot at 103.7 low stays intact, expect the stock to extend higher.
GOOG Medium-term position analysis
Company Name: Alphabet Inc (Google) Class C.
Stock Ticker: GOOG.
Fundamental Overview: Alphabet is a holding company engaged in acquiring and operating various businesses. It operates through Google and Other Bets segments. The Google segment includes its primary internet products, such as advertising, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, search, and YouTube. The Other Bets segment includes businesses like Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015, and is headquartered in Mountain View, California.
Financial Performance and Valuation: Alphabet's price-to-earnings ratio has fluctuated but remains within a reasonable range, indicating positive market expectations for earnings. The company's price-to-sales and price-to-book ratios have remained stable, reflecting market recognition of its profitability and asset value. Its enterprise value has grown from 1.06T USD to 1.83T USD, indicating optimistic market expectations for future growth. The enterprise value-to-EBITDA ratio suggests strong operational performance.
Earnings and Revenue: Alphabet consistently exceeds market expectations for earnings. In the most recent quarter, its earnings surpassed expectations by 8.04%, eliciting a favorable market response. Revenue primarily comes from Google Services, which has shown continuous growth from 168.63B USD in 2020 to 253.53B USD in 2022. The United States contributes the most significant portion of revenue.
Technical Analysis: RSI, Stochastic %K, CCI, ADX, AO, BBP indicate a neutral signal, suggesting balanced market sentiment. However, momentum indicators and MACD present a buy signal, indicating potential upward movement. Moving averages, Ichimoku Cloud Base Line, and Volume Weighted Moving Average (VWMA) also display buy signals, reinforcing this expectation. Pivot point analysis suggests potential upside as resistance levels exceed the current price, with support levels indicating relatively lower downside risk in the short term.
Comprehensive Analysis:
From a financial perspective, Alphabet demonstrates stability, strong profitability, and growth potential. Its primary revenue source, Google Services, has shown continuous growth from $168.63 billion in 2020 to $253.53 billion in 2022.
Technically, while market sentiment appears neutral based on indicators, the buy signals from momentum indicators, MACD, and the majority of moving averages suggest a potential upward trend. Pivot point analysis also indicates upward potential with limited downside risk in the short term.
Moreover, from a fundamental standpoint, if the Federal Reserve delays interest rate hikes or adopts a dovish policy, it may keep borrowing costs relatively low, promoting capital expenditure and investment, which could positively impact Alphabet's revenue growth and stock price. Enhanced consumer purchasing power would further drive advertising spending and demand for digital services.
In conclusion, considering financial performance, earnings and revenue, and technical analysis, I have a positive outlook on Alphabet's stock. Additionally, I recommend monitoring the Federal Reserve's interest rate decision on June 14th and the upcoming Q2 earnings report scheduled for July 25th to stay informed about market trends.
Trading Strategy:
Trading Direction: BUY
Entry Point: $109~$125
T1: $150
T2: $190
S1: $109
S2: $100
Stop Loss (SL): $85
Expiration date: September 1st.
Google Update: Drop IncomingI'm not going to spend much time on this because it is the same as most other charts. Look at my AAPL chart I posted today, and you can see the resemblances. We hit my target box, for OMH, & on negative divergence. I expect Google to drop just as I do for AAPL, META & MSFT. META for a different reason though, one which I will be posting next.
In short, I hope you're protected from the downside at a minimum.
Bonam Fortunam,
--Tyler
$GOOGL - Breakout above long term EMA - UpdateJust updating this idea as previously laid out.
The set up laid out at the end of last month is working out just in line with the idea.
The price is currently trading in the vicinity of the 1st target.
As previously put forth, at this price range, the bears are likely to step in and, at least, pose an obstacle to the more recent bullish spell in this market.
One thing that long position holders / trend followers could do here to hedge against that risk would be to take half of the profits which this trade is currently yielding.
As usual, the future will tell if our idea holds until the price hits target 2, and the future, as I keep on stressing out every time I got the chance to :), is unpredictable.
Manage risk, manage risk, manage risk, manage risk ...
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
50% discount on all of our products with the following code:
MOX Q3C WXRX
GOOGLELast idea on 9sept 2022 the first bounce area was 91.40 (it went lower till 84)
What do i see now:
-Hidden bearish divergence
-2 Resistance trendlines (now around 121.61) and there's heavy resistance around 123.18
-On the Daily chart it's also in the oversold area (But this chart is the Weekly one)
Google still in no man's land.no mans land below the early breakout line
wait for this
No bueno below 135$.
GOOG , Alphabet , buy opportunity Uptrend
The last candle on weekly time shows it has a strong moving toward upside and i suppose 150 can be available although it will have a pause around 125.
Remember putting Sl is a key for protecting our money in this market.
Alphabet (GOOG) Trade UpdatesAlphabet (GOOG) Post Quarterly Analysis 1Q23
In a moment of market uncertainty, the company founded by Larry Page and Sergey Brin surprises expectations both in terms of profits and sales.
In the conference, Google gave great importance to artificial intelligence, announcing that their chatbot technology, currently in use only in the US and UK, will be launched in over 180 countries around the world.
The future is there, and it's very near.
After the immediate cut in the Gaming sector, with Stadia closed and customers reimbursed, and the consequent drop in shares, a favorable purchasing situation had arisen. (see my previous post).
I'm in with a PM of 85.94 .
Alphabet remains in the portfolio with a nice + PnL, what do you think?
Overbought with RSI on 70/W PatternVolume still strong.
It seems the new key word is "AI". It appears these are the stocks folks plan to stretch to the limit for now.
One day the talking heads may say there are too many companies in this space or something that will cause a pull back.
Human greed could also kick in at some level and profit will be taken.
Resistance overhead but momentum stays strong for now.
RSI 79.15 and some use a setting of 80 vs 70 for high momentum stocks.
Price is at the 1.414.
No recommendation/Targets below price are for if/when this stock falls.
W patterns are known to reverse at the end of the 4th leg.
GOOG - Breakout Falling Trend Channel- GOOG has broken through the ceiling of a falling trend channel in the medium long term.
- This indicates a slower falling rate initially, or the start of a more horizontal development.
- GOOG has support at 106 and resistance at 123.
- Positive volume balance strengthens the stock in the short term.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
Google Update: FINALLY!!!We finally hit the target box I made back on April 27th....let that sink in for a moment. We just hit a target I set OVER 2 WEEKS AGO!!!
MACD has started to drop after that high along with price. I think we consolidate here for just a little longer so we can have OMH on a lower MACD reading creating a Hidden Bearish Divergence. This will most likely be the big clue that price has topped and is about to reverse. That is not required though as this count could have been considered complete long ago.
All that being said I would be very careful if you are long here. Make sure you are using stops to protect your assets and hopefully, God willing, profits. That doesn't mean go out and start a short position. It means to BE CAREFUL . These are perilous and volatile times. Why risk hard earned capital on a stupid mistake??? I don't care how good you are, there will come a time when you are wrong. The real question is, are you prepared in your strategy for that? ???
Bonam Fortunam,
--Tyler
Google trending higher Google in on a strong up tend over the last 4 months from $85 low and now at $117 and looking to break the $120 range
GOOGLBig green day.
Hitting resistance at $117 area. Could push to $121 before pulling back but I believe it will retest the $110 area before exploding higher.
With that I sell at $117 with aspirations to capture in the $110 area for the next rally upwards.
This saves me $7 per share if it retraces compared to the $4 per share potential gain. I believe here the risk is more to the downside after this explosive 5% move in a day
Googl , back testLooking for a pullback to 108 area. It's not breaking over 117.
Strong resistance at .236 , normally when a stock is overbought its rare to see it push pass .236..
Pullback targets
113
110
108
Fib levels -
2009 low
All time high
Support and resistence analisys for GoogleSupport and resistence analisys for Google
Breaking symmetric triangle to the upside
GOOGL Call It!If you're still bearish about the markets I don't think there's no amount of charts I'm posting that will convince you. Unless some catastrophic world wide news magically appears I'm just not seeing it. Let's see if I can place a call option before this thing launches.
GOOGLE TRADEMy take profit on Google would be around 112.48 for now. If it is very bullish that it crosses that resistance, the next take profit would be around 123.
The suggested price targets are based on my indicators and patterns. Please be welcome to correct me, if my POV on it is wrong or misjudged.
Just for learning purpose, please trade wisely folks :) - Thanks
GOOG - Golden Cross in the horizon?GOOG hit into a long term support zone (83-85) on 3 Nov22 and began to form complex basing formation in the past 5 months (with some similarities to Wyckoff Accumulation Pattern).
It now appears to be getting close to embarking on a more sustainable uptrend in the near future, perhaps Earnings expected on 24th of this month could be the catalyst?
Signs favoring the beginning of a sustainable trend:
1. Stock is now above the 200 day MA that has begun to flatten out
2. recent pullback was shallow (38.2 % retraement of it's most recent AB swing)
3. which was also a retest of the 200 day MA and suggested this MA is likely now a near term support (100-102).
It is now on the verge of retesting the high of 108.80 (the original breakup of the 200 day MA that subsequently failed) and the odds are getting better that it could break above within the next few days or week.
Let's see if this works out!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Google-> BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
