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.
GOOGL trade ideas
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.
Google what's next?If $GOOG does not implement, in its search engine, within the first week of March 2023, a competitor to ChatGPT, then IMO, their revenue will hurt in Q2 of 2023, and in my estimation, their Q1 2023 revenue will also be a disappointment. The stock price could be headed to $71.20 in the near future.
LONG Term GOOG DCARe-entered the market after several months on the sideline waiting for longer term indicators to look positive.
I believe this is a suitable spot to start DCA again into high conviction companies and stocks.
High conviction in the company for the long term✅
Money flow on the monthly in the red ✅
RSI Oversold on the monthly ✅
Trading around significant support (@0.5 AT Fib)✅
Market Cipher on the monthly around the 'buy-zone' ❓*
*Market Cipher not yet indicating buy, however, weekly green indicator with the above indicates the monthly buy-signal is near - hence comfortable to DCA as within my personal risk tolerances)
** NOT TRADING OR FINANCIAL ADVICE **
GOOG Wedge PatternDescending wedge pattern on GOOG 4H chart w/ MACD beginning upward roll, RSI in mid 30s with positive angle. Looking for short term break up and end-of-week put credit score
NASDAQ:GOOG
Google earnings todayGOOG Q4 earnings are today, 2/2 at 4:15pm. Alphabet Cl C (GOOG) reported Q3 September 2022 earnings of $1.06 per share on revenue of $69.09 billion. The consensus earnings estimate was $1.26 per share on revenue of $70.64 billion. Revenue grew 6.1% on a year-over-year basis. Here's a GOOG 1 week chart with the past 8 earnings reports PE, EPS, revenue, cash & debt data indicators. Plus 2/3, 2/17 and 3/17 expiry options data.
Q4 December 2022 Consensus:
EPS = $1.19
Revenue = $76.48B
P/E = 21.7
Q3 September 2022:
EPS = 1.06 miss -16.01%
Revenue = $69.09B miss -2.20%
Cash = $21.98B
Debt = $26.63B
Q2 June 2022:
EPS = 1.21 miss -6.05%
Revenue = $69.68B miss -0.16%
Cash = $17.94B
Debt = $26.43B
Q1 March 2022:
EPS =1.23 miss -3.67%
Revenue = $68.01B beat 0.18%
Cash = $20.89B
Debt = $26.25B
2/3/23 expiry options data:
Put Volume Total 17,149
Call Volume Total 30,081
Put/Call Volume Ratio 0.57
Put Open Interest Total 50,820
Call Open Interest Total 54,156
Put/Call Open Interest Ratio 0.94
2/17/23 expiry options data:
Put Volume Total 5,472
Call Volume Total 19,575
Put/Call Volume Ratio 0.28
Put Open Interest Total 96,153
Call Open Interest Total 104,606
Put/Call Open Interest Ratio 0.92
3/17/23 expiry options data
Put Volume Total 4,332
Call Volume Total 14,527
Put/Call Volume Ratio 0.30
Put Open Interest Total 156,883
Call Open Interest Total 224,859
Put/Call Open Interest Ratio 0.70
Alphabet LongGood opportunity for long here. The false break of 61,8% will provide enouph fuel for short covering (at least short term).SL should be below recent lows. When it breaches the breakout line, you can add to your longs.
GoogleGoogle break LH so its loks like bull start but we need to idendifiy more factor.
im loking for entry and also when its touch midian line if its above we can continue look HH
GOOGL: approaching to reversal zone [88 - 90]GOOGL stock's price is approaching to a reversal zone between 88 and 90 where it is likely to rebound toward 96/99 resistance zone.
GOOGLE going in to 2024A possible inverse head and shoulder forming. seeing further down side for now as we head towards earnings.
Alphabet 3WK Analysis....Alphabet is in strong downtrend. Price recently rejected at upper trendline.
Expect price to touch bottom of the trendline and then move u.
GOOGL:Fundamental Analysis + Possible Next Target Warren Buffett is an expert at capturing the attention of Wall Street analysts and investors. This could be attributed to the more than 3,800,000% cumulative return he has generated to his company's Class A stock (BRK.A) since taking over as CEO in the 1960s.
His stellar investment track record has enabled new and repeat investors to follow him for decades and achieve substantial returns. This is ultimately what makes Berkshire Hathaway's Form 13F filing such a highly anticipated event.
Many people who follow Berkshire Hathaway's buying and selling are presumably aware that Apple is the company's largest holding. Apple accounted for 41% of Berkshire's $342 billion in invested assets a week earlier. Apple was also one of three stocks added by Buffett and his investing team during the fourth quarter.
Similarly, Amazon has been a Berkshire Hathaway holding for the past four years (since Q1 of 2019). Oracle's prior remarks from Omaha imply that he was not the architect behind the takeover of the world's largest e-commerce company. Rather, one of his investment lieutenants, Todd Combs or Ted Weschler, was responsible for the $1.06 billion holding in Amazon.
Buffett was only indirectly familiar with the other three FAANGs - Meta, Netflix, and Alphabet - before Berkshire Hathaway and New England Asset Management released its current 13F reports. The situation has now altered.
In the fourth quarter, New England Asset Management purchased 17,100 Alphabet shares, primarily Class A shares (GOOGL).
The straightforward answer to the question "Why Alphabet?" is based on three factors: market share, cash flow, and valuation.
Let us begin with the reality that Alphabet has a complete monopoly on Internet search. Since December 2018, Google has accounted for at least 91% of global search share, according to GlobalStats. Although ad spending cycles, Google's almost 90 percentage point dominance over its nearest competitor provides it unparalleled pricing power when working with advertisers. Given how the US and worldwide economies have developed over time, Alphabet, fuelled by advertising, is the clear winner.
Second, Alphabet is a money generator, allowing it to actively reinvest in a wide range of high-growth activities. The corporation generated $91.5 billion in operating cash flow in 2022. This massive cash flow allows the corporation to expand the scope of its Google Cloud infrastructure service, which has taken almost 10% of the world's cloud infrastructure market, according to a recent Canalys analysis.
Furthermore, Google's extraordinary cash flow, along with $99 billion in net cash, cash equivalents, and marketable Alphabet securities, allows the corporation to reinvest in the streaming channel YouTube, which is the world's second most visited social site. Alphabet is currently experimenting with new ways to monetize short videos known as YouTube Shorts. Every day, more than 50 billion "shorts" are viewed!
Third, Alphabet has historically been cheap in terms of both future revenue potential and cash flow. Despite a five-year average price-to-earnings ratio of 25.4, the company is now valued at 15.5 times Wall Street's predicted earnings for next year.
Furthermore, Alphabet has averaged 18.6 times year-end cash flow over the last five years. Investors may buy Google shares right now for just 6.5 times the company's estimated cash flow in 2026, according to Wall Street's most forward-looking projection.
In other words, Alphabet satisfies all of Buffett's investment criteria.
Google looks great. The ChatGPT narrative is MEHThe narrative is that CHATGPT will be able to compete with BARD on my HOMEPAGE for FREE.
As long as BARD is of similar nature and quality to ChatGPT, then many people will simply use it due to convenience.
Anyway, as for the technicals. We have a clear adam and eve bottom here. I suspect we just go to all time highs.
None the less, I can see a scenario where we only retrace part of the way. I find this unlikely, though.
Alphabet Weekly analysisBuy Alphabet only if price breaks above $100 resistance zone.
Price also resting at broken trendline
AI forecast: Google goes UP to $129AI forecasts growing Google to $129 by the end of February, 2023.
We have bought this stock at $103
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AI is based on Fundamental analysis , Technical analysis and Geopolitical analysis. It analyses more than 500GB data every minute.
Have a nice day!
Google - Bearish SentimentI still expect price to take out the EQUAL HIGHS at 107.88 and also fill the bearish gap. All the liquidity sitting there must be swept right up to 111.50 (order block).
Price has now taken out the liquidity at the 94.00 region.
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Patience, price action and risk management pay in the markets!!!
$GOOGL - 50DMA and trend line check backGoogle broke out of descending broadening wedge briefly and currently it checked back to the trend line which is also a 50DMA area. So far the area has provided a good support. There is a good chance that it could head back to $108 area. It could still come down to $90 area which is a great area to load again.
Target 1 - $100
Target 2 - $108
Risk - fall to $90 - $87 area
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
