Short GOOGEquities indices seem to be having relief rallies but I suspect all will be short-lived & bearish trend will continue
GOOGL trade ideas
GOOG 2D bullish hammer in the end of ABC correctionOrder BUY GOOG NASDAQ.NMS Stop 97.33 LMT 97.33 will be automatically canceled at 20230401 01:00:00 EST
GOOG 2D bullish hammer in the end of ABC correction. That might be it for GOOG in terms of correction.
$GOOG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $GOOG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Reversal about to start in Google!At this juncture we can see a clear completed 5 waves structure for Google on the daily timeframe confirmed by a bullish divergence with the RSI.
It would be nice to see the prices fall between the $89-$91 area where we can find a cluster of fibonacci's ratios.
If prices manage to bounce back from this target or even slighter before, prices should at minimum travel to $113 level in a corrective manner. Even though, this might look exciting for bulls, it will only be a rally before resuming the downtrend that will push prices lower than the temporary low that Google will make soon.
Overall, I am expecting the bottom of Google to happen any time soon and a rally all the way up to $113 for the weeks to come.
GOOGLNot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
ALPHABET (GOOGL) 1D - Can BIG TECH FALL more in next quarter ? Holle Traders and Investors,
You can see Q3 resuluts of Big tech companies reported during recent days. Despite Alphabet reported growth (small but important) market is pricing it as slow / negative.
CEO pointed out possible declines in revenue with potential crisis. Could the following months be critical for further decline ?
In my oppinion, Technical analysis shows it could be. But as usual it depends on the point of view of the observer and interpretation of TA.
So take it with a grain of salt. The stock could fall another 30+ %. As long as the market gives as unclear signal we can come up with a strategy where the price could be interesting for us to BUY.
I will watch long term supoorts around "Pre-Covid" prices + wait for RSI / MACD 1W convergce to chatch it as close to bottom as possible. Next 3 months could be very important.
Do Your own homework before buying any stock ;)
Trade and invest safe...
meta misses earnings, down 25% total today #meta Meta missed earnings by 11%, fx and less ads revenue hurt, as well as revenue decline from reality labs. Ads decline and fx effects from strong dollar seem to have hurt most companies so far. These large caps are the biggest and leaders. What could this mean for the rest of the economy and small stocks?
NASDAQ:AAPL NASDAQ:GOOG MSFT AMZN TSLA META
GOOG Blows Through Prior Support LevelsI'm a buyer when things turn around.. but I think it's going to be a while before anyone can confidently jump on a Growth/Tech stock.
NASDAQ:GOOG
time to buy the dip?-below the daily-weekly open
-hovering around monthly open
-bounced several times from this zone before
buy the dip?
Alphabet - Earnings report sends shockwaves through the marketYesterday, Alphabet sent shockwaves through the stock market after the close when it published its earnings report for the third quarter. The revenue was up 6% from the year earlier, and earnings per share stood at 1.06 USD, missing analysts' estimates. This earnings report is yet another line to confirm our thesis about the market progressing into the second stage of the bear market, with companies warning about the slowdown and failing to deliver expectations.
We expect this trend to continue during the next earning season and slowly lead the market into the third phase of the bear market. The same view is supported by the fact that the FED is about to increase interest rates next week and further tighten economic conditions, making a primary trend reversal very unlikely.
Therefore, we believe the reality will soon creep back into the market, and those who were buying the dip in hopes of catching a bottom will fulfill our prophecy once they sell those shares back to the market. As a result, we expect Alphabet to continue lower with the rest of the stock market.
Illustration 1.01
Illustration 1.01 displays the daily chart of the Alphabet stock. The yellow arrow points to the price retracement toward the 50-day SMA, representing a strong correction; the same retracement can be observed on the daily chart of Apple, Microsoft, General Motors, etc.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- are also bullish. Overall, the daily time frame is bullish; however, the data does not reflect the drop after earnings. Therefore, we expect the daily time frame to turn bearish today.
Illustration 1.02
Illustration 1.02 shows simple support and resistance levels for Alphabet stock on the daily graph.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are slightly bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Google down over 7% in the after market. Ouch!Big dip on earnings after hours. Will probably drag the Nasdaq down a reasonable amount. Facebook is due to post their earnings soon so if Google got hit this bad, then there is a good chance Facebook will take a hit as well.
Could be a volatile next 24 to 48 hours heading into the weekend.
GOOGLE- Correction Incomplete?Alphabet (Google) misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
Alphabet shares dropped more than 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth.
Earnings per share (EPS): $1.06 vs. $1.25 expected, according to Refinitiv estimates.
Revenue: $69.09 billion vs. $70.58 billion expected, according to Refinitiv estimates.
YouTube advertising revenue: $7.07 billion vs $7.42 billion, according to StreetAccount estimates.
Google Cloud revenue: $6.9 billion vs $6.69 billion, according to StreetAccount estimates
Traffic acquisition costs (TAC): $11.83 vs $12.38, according to StreetAccount estimates
Revenue growth slowed to 6% from 41% a year earlier as the company contends with a continued downdraft in online ad spending. Other than one period early in the pandemic, it’s the weakest period for growth since 2013.
YouTube ad revenue slid about 2% to $7.07 billion from $7.21 billion a year ago. Analysts were expecting an increase of about 3%. Alphabet reported overall advertising revenue of $54.48 billion during the quarter, up slightly from the prior year.
Philipp Schindler, chief business officer for Google, said the company saw a pullback in spend on search ads from certain areas such as insurance, loans, mortgage and cryptocurrencies.
Chart:
99,82 was not checked which according to my analysis would had been a good entry to comfortaby go Long/Buy on such a Tech Giant.
84.58 also unchecked.. that would be the level i would be buying BIG
At this stage, my analysis is that the correction is NOT complete. The resistance at 110.98 will most likely reject the Bulls and that's alevel I would personally go short at.
Fundamentally this is one to hold on too, or Buy. I spend a lot of time on Youtube..which needs to get rid of all the scam ads and annoying ads. There are issues there that need to be fixed.
Concerns:
''Google also canceled the next generation of its Pixelbook laptop and cut funding to its Area 120 in-house incubator. And last month, Google said it would be shuttering its digital gaming service Stadia.''
It look to me as if the Giant called GOOGLE needs heads with more vision... Young fresh minds is the solution. Let's hope they can figure it out.
Extras:
''company will cut headcount growth by half in Q4''
They say investors like that approach and it might help the share recover today's losses . to me this is bad news, it shows they need to do better..employing more people means success, not failure.
Let's wee what happens..I will come back to this post in due time.
One Love,
The FXPROFESSOR
Google bearish flag after a HS. Short continuation pattern.Price is bundling up on a bearish flag ready to break down at any time. It is worth to open a small position, if price bounces off to the upside I will add to my short position, same thing if it break down. This trade can last a few months but the risk reward is big. Just a little patience.
Google - bearishPrice is below sma200, and a larger consolidation.
Earlier breakout target is still at 85, and EW structure looks like a double zigzag.
Trade safe
GOOG - Short PositionWhen looking at GOOG current underlying value and most recent price behaviour using a 2-hour range, investors can see inside bar formations. Underlying price movements of AAPL witnessed a loss of its initial gains in this instance, the inside bar formation suggest bareish continuation of momentum since most recent EMA dead cross.
Lateralized underlying price momentum was witnessed between 24/05/22 and 03/08/22. Fresh bullish crossovers occurred 4 times during this period, three dead crosses also occurred. This lateralized pattern saw underlying prices fall to as low as $100 and reach highs up to $120.
Bullish trends occurred after the fresh bullish EMA cross over witnessed on 03/08/22, underlying prices rising above 5%. When observing 50 and 100 day ranged EMA averages investors can see that on the 25/08/22 – 29/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling over 10%. Shorter 50-day EMA average dropped significantly bellow the longer 100-day EMA average.
Bullish momentum was rejected on 13/09/22. A hanging man, three bar formation can be witnessed indicating a weakness in preceding trend and an indecision with regards to the proposed top. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel with great difference between one another. Therefore, the down trend is more likely to continue.
Based on EMA moving averages, MACD and candlestick patterns and behaviour we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
