Google chart shows some weaknessGoogle is having resistance in the 0.236 FIB level and is behind the top trend line signaling a more neutral bias. Maybe it needs to find liquidity in the 0.382 FIB level around 150$.by edgargargar0
GOOG PUTSBreak down, looking sub $155 level by Sep OPEX. Nice Volume node around that area.Shortby SPYDERMARKET1
Parallel Channel+Fibonacci 0.61 levelHH-HL structure, parallel channel, Fibonacci 0.61 level confluence with good weekly support, waiting for retracement till 125...Longby dharam45111
GOOGL Short Idea - Top 5 Weekly Trade Ideas #3GOOGL has been very weak lately, despite strength among the rest of the mag 7. A lot of the mag 7 is at or near ATH right now, while GOOGL is ~$30 off ATH. It has a bear flag on the 15m, one fakeout above. It is near the bottom end now, it tried to break below, but quickly reclaimed. I like this short because GOOGL has a big divergence from tech, it is clearly weaker. So because of that I expect a downside break, but there's obviously a chance it breaks to the upside, so ideally I'd wait for a break and retest or enter somewhere near the line for the best risk/reward.Shortby AdvancedPlays1
ITS GOOGL'S TIME TO SHINEBeen waiting on a confirmation for GOOGL Longs. Will finally cover 170 short. Go Long on GOOGL all the way to 170. Longby iluvcupcakes1
I'm starting to short thisI opened a short position today. It's is possible the price bounce up from the bottom of the flag, in that case I will add. SL triggers only if a daily candle breaks up the downtrend, a big fat green candle. Shortby ArturoLUpdated 115
GOOGL Awaiting Breakout in Symmetric Triangle!Symmetric Triangle forming, awaiting breakout either side! 🔼 Resistance levels: 176.39, 183.75, 191.85 🔽 Support levels: 154.81, 151.02by GlobalMarketGuru2
Google 1WIn terms of technical analysis, the price has reached a good support trend line in a strong upward trend, where we see both a pullback to this area and the placement of this trend on the trend line. We also have 0.618 Fibonacci. If the interest rate decreases next month, this stock will experience good growth. Longby Trading-House2
GOOGLE You can still catch this BUY to based on these indicatorsAlphabet Inc. (GOOG) is in the process of forming a bottom following the July and early August correction. Technically it has already priced the new Higher Low (green Arc) on the 20-month Channel Up but is underperforming relative to the rest of the tech sector. This is why it hasn't yet broken above the 1D MA100 (green trend-line) but this isn't at all discouraging. Every break within this long-term Channel Up below the 1D MA100 and subsequent recovery above it, confirmed the start of its new Bullish Leg. This has only taken place when the 1D MACD formed a Bullish Cross below the 0.0 mark, which last took place on August 16. The above occurrences indicate that it is not late to catch this unique long-term buy on Google. Following the October 27 2023 Low, the first High it made was after a +28.14% rise. As a result our first long-term Target is $200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot1117
GOOG Is forming a Saucer Bottom slightly above long-term trend?GOOG in my opinion has formed a figure which looks closely to a Saucer Bottom, furthermore the price now is sitting right above the 20-day moving average, which is a signal of up-trend resuming. Is Google preparing to re-test the previous high? In the worst case scenario price would drop again to the trendline and form a double bottom.Longby Lachone11
GOOG Long H1Buy Stop @ 167.06 S/L @ 159.46 T/P1 @ 175.00 T/P2 @ 182.00 R.R.R. @ 1/2 Pure Price Action Trading based on Break out of Key Level.Longby MyMainBox3698
Alphabet - 2 bullish countsTwo counts that both suggest that this stock is posed to begin a new climb to new highs. I guess the question to try and answer is whether or not the correction is over. Longby tomj24172
Resistance Broken on GooG week 8/21/24 - 8/28/24Google shares have broken above the 166.80 resistance level! Running back to 176-78 Longby SantiagoSolutions112
GOOG Analysis: Short Opportunity on the Horizon?Hello Traders, I'm sharing my analysis for GOOG, breaking it down in the simplest way possible. Wave Patterns: The previous upward trend lasted 3x as long as the recent downtrend, which was 2x. By dividing the last uptrend into three equal periods (3x), I projected the future downtrend (2x) to mirror the previous wave structure (5x total: 3x uptrend and 2x downtrend). Based on this, I expect the downtrend that began on July 8, 2024, to potentially conclude around August 25, 2025. Regression Channel: I've drawn the main regression channel on the weekly chart. GOOG's price recently bounced from the channel's upper deviation line, dropping from 190 to 155, which is near the channel's middle line. I anticipate it could reach 175 before continuing downward, forming a new downtrend. Conclusion: Given these observations, I see a promising short opportunity, targeting the channel's lower deviation at 127. Let's keep a close watch on this setup! NASDAQ:GOOG Shortby Eymen-GUVEN6653
Google buyGoogle has good buy potential Price at Daily and Weekly Demand area Seasonality looks up for some time Price undervalued both at Daily and weekly Trade safe Longby Alhalawi116
Alphabet trading I deaWhy is traders don't understand pull backs.n wanted to turn a strong pull backs to a recession mode, is lack of understanding trend n what brings market down to recession,what actually cost recession,wars,diseases n other things,soo expect recession in isreal markets as you can see there is wars n lack of strong economic as they focus much in wars,soo when stocks pull backs,you looks buying entries not selling n uptrend market after a drop n add more drop,we don't have to teach you everything but you need to teach yourselfs everything n be able to see the circle n how it moves. Longby mulaudzimpho2
Alphabet’s Chart Has a ‘Baby Death Cross.’ What That Might MeanAlphabet NASDAQ:GOOGL NASDAQ:GOOG has been mostly falling since reporting Q2 earnings on July 23. What does technical analysis say about where the stock could go from here? First, some background. Alphabet reported its Q2 results after the market closed on July 23, beating analyst estimates for both revenues and earnings. Revenues grew 13.6% year over year to $84.7 billion, with Google Cloud contributing more than $10 billion for the first time ever. So far, so good -– but there was a catch. Alphabet spent more on AI infrastructure than expected, as had many other members of the so-called "Magnificent Seven." And while CFO Ruth Porat did speak about solid Q2 margins during Alphabet’s earnings call, she then cautioned that “in the third quarter, operating margins will reflect the impact of both the increases in depreciation and expenses associated with the higher levels of investment in our technical infrastructure, as well as the increase in cost of revenues due to the pull-forward of hardware launches into Q3." That's when things got rough for GOOGL shares. The stock had already been mired in a bit of a sell-off for a couple of weeks before the numbers came out, but investors and traders got nervous. Shares fell 5% the day after the earnings release and are still down more than 10% as I write this from where Alphabet closed prior to the results’ release. Let’s look at GOOGL’s chart to see where the stock might go from here. Readers will see that this chart shows two back-to-back technical patterns that worked out as they should have, at least in theory: From October 2023 into very early 2024, GOOGL built a so-called “ascending triangle,” which is a bullish pattern. The stock then proceeded to rally from February into July. However, in doing so, Alphabet then developed what's known as a “rising wedge” pattern -- which historically points to a bearish reversal. Once the bough on this pattern broke, GOOGL gave up its 21-day Exponential Moving Average, or “EMA” (denoted by the green line above) and its 50-Day Simple Moving Average, or “SMA” (the blue line above). Then the stock headed straight for its 200-Day SMA (marked by the red line above). That's where Alphabet found support -- at least for the moment. Next, let's zoom in on the here and now: This chart shows GOOGL as of Tuesday’s close, with the stock in a technically weak position. Although the shares have been rebounding for about a week, the 21-day EMA (the green line above) has crossed below the 50-Day SMA (the blue line) in what is sometimes referred to as a “swing trader's cross” or “baby death cross.” Meanwhile, Alphabet's Relative Strength Index, or “RSI” (denoted by the gray line above) sits at 39 in the chart above. That’s on the soft side, but at least it’s out of technically oversold territory, which would require a sub-30 reading. At the bottom of the chart above, daily Moving Average Convergence/Divergence (MACD) shows that a histogram of Alphabet’s 9-Day EMA (the blue bars above) sits below zero. That's bearish. In addition, the 12-day EMA (the black line above) remains below the 26-day EMA (the gold line). That’s normally bearish, but it does look like the black line is curling towards the gold line. A crossover there would be bullish. The bottom line? Alphabet’s upside pivot point now will likely be at its 50-Day SMA, which was at $176.33 in the chart above. A take and hold of that line would likely permit some portfolio managers to increase exposure. Conversely, the stock’s downside pivot remains at the 200-Day SMA ($153.95 in the chart above). A loss of that line could force some risk managers to pressure portfolio managers to reduce their long-side exposure. And of course, the 200-day line, as one might surmise, carries more weight than the 50-day line in terms of exposure-size allocation. This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. 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GOOGL Long Position Hi traders, On 4 hour timeframe the RSI shows double bottom, therefore we expect the price to increase and then to pullback and create a higher low. If it happens we should get some sort of bullish divergence, which would be the confirmation to take the long position. Good luck Longby vf_investmentUpdated 5
Google to break the downtrendGoogle is set to make its 6th straight down week. That is only the second time in the past decade that has happened by my count. At a lowly 23.4, Google's PE is significantly lower than the other tech giants and after a few weeks of bad news (an absurdly bad Gemini demo, the monopoly ruling, potential breakup - although, this isn't actually bad news, is it?) it's seen some support at the 160 level. While the rest of tech has rebounded quite well since the big drop on August 5th, Google lags behind, not yet making up the losses from that day alone. As seen in the chart, Google is facing a strong resistance line and it is currently bumping up against it, trying to break out. If we zoom out further, we can see a long-term support channel where Google got some support on August 5th and it has continued to trend with the same direction and magnitude as the overall trend. The overall market is feeling pretty good right now, recent consumer spending has warded off the concerns of a recession and there isn't a clear reason to sell on the macro level unless you're expecting worse economic news than economists. That being said, the rebound is fairly well extended at this point and short-term profit taking could see this resistance hold for Google again. I think Google breaks through this resistance soon and we see shorts scramble to cover, quickly pushing Google up to 175-178. Longby BullsNBearsEatPigs1
U.S. Justice Department Weighs Action to Curb ‘Illegal MonopolyIn what could be one of the most significant antitrust actions of the modern era, the U.S. Department of Justice (DoJ) is contemplating the breakup of Alphabet Inc.’s Google, following a landmark court ruling that found the tech giant had illegally monopolized the online search and advertising markets. This decision marks a pivotal moment not only for Google ( NASDAQ:GOOG ) but also for the broader tech industry, as it could lead to a rare and profound restructuring of one of the world’s most powerful companies. The Court Ruling: A Game-Changer for Big Tech Earlier this month, U.S. District Judge Amit Mehta delivered a ruling that could alter the trajectory of Google’s dominance in the digital economy. The ruling found that Google had engaged in illegal practices to maintain its monopoly over online search and search text ads, in violation of U.S. antitrust laws. Central to the case were Google’s exclusive agreements with major device manufacturers, such as Apple and Samsung, which ensured that Google Search was the default engine on their devices. In exchange for billions of dollars—$26 billion in 2021 alone—Google effectively eliminated competition by making its search engine ubiquitous across smartphones and tablets. Judge Mehta’s decision has sparked intense discussions within the Justice Department about the appropriate remedies to address Google’s anti-competitive behavior. While the ruling itself is a major blow to Google, the potential remedies on the table could have even more far-reaching implications, potentially leading to the breakup of the company. Divestiture on the Table: Android and Chrome in the Crosshairs One of the most significant and radical remedies being considered is the forced divestiture of key Google assets, including the Android operating system and the Chrome web browser. Android, which powers approximately 2.5 billion devices worldwide, has been a cornerstone of Google’s dominance in the mobile market. Chrome, the world’s most popular web browser, further solidifies Google’s control over how users access the internet. Judge Mehta’s ruling highlighted how Google’s agreements with device manufacturers required them to pre-install Google’s apps, such as Chrome and Google Search, in a manner that prevents users from deleting them. This strategy has effectively stifled competition, ensuring that rival search engines and browsers struggle to gain a foothold. By mandating the pre-installation of these apps, Google has created an ecosystem where users have little choice but to use its products, thereby reinforcing its monopoly. The Justice Department’s discussions about breaking up Google ( NASDAQ:GOOG ) could lead to the most significant corporate restructuring in the United States since the breakup of AT&T in the 1980s. If the DoJ moves forward with this plan, it would signal a major shift in how the U.S. government regulates Big Tech and could have profound implications for the entire industry. The Historical Context: A Rare Move in Antitrust Enforcement The potential breakup of Google is reminiscent of other major antitrust actions in U.S. history, such as the dismantling of AT&T in 1984 and the Microsoft case in the late 1990s. However, such measures are rare and are typically reserved for cases where a company’s dominance is so overwhelming that it stifles competition and harms consumers. The AT&T case, often referred to as the “Bell System breakup,” resulted in the division of the telecommunications giant into seven regional companies, known as “Baby Bells.” This action was intended to foster competition in the telecommunications market and prevent any one company from having too much control over the industry. Similarly, in the Microsoft case, the company was found guilty of maintaining a monopoly in the PC operating system market through anti-competitive practices. While Microsoft was not broken up, the case resulted in a settlement that imposed significant restrictions on the company’s business practices and required it to share its application programming interfaces (APIs) with third-party developers. The potential breakup of Google would be in line with these historical precedents, marking the first time in decades that the U.S. government has sought to dismantle a major technology company for monopolistic behavior. Google’s Dominance and the AI Factor: A Growing Concern While the focus of the antitrust case is on Google’s dominance in the search and advertising markets, the Justice Department is also increasingly concerned about the company’s growing influence in the field of artificial intelligence (AI). Google’s control over online search provides it with an unparalleled advantage in AI development, as the vast amounts of data collected through search queries are used to train its AI models. Google’s AI-powered features, such as its “AI Overviews,” which provide narrative responses to search queries, are built on the company’s extensive data assets. These overviews summarize information from across the web, presenting it directly to users without requiring them to click through to the original sources. While this feature enhances the user experience, it has raised alarms among regulators who fear that Google’s dominance in search could extend into AI, potentially stifling competition in this emerging field. In response to concerns about data scraping, Google introduced a tool that allows websites to block data scraping specifically for AI purposes. However, this opt-out option does not apply to all data used for AI development, and Google has been criticized for not allowing website publishers to opt out of AI Overviews, which are considered a “feature” of search rather than a separate product. The Justice Department’s focus on AI reflects broader concerns about the concentration of power in the tech industry, particularly as AI becomes increasingly central to the digital economy. If Google’s dominance in search allows it to maintain an unassailable lead in AI, it could further entrench the company’s monopoly and limit the opportunities for innovation and competition in this critical area. Possible Remedies: Breaking Up and Beyond As the Justice Department considers its options, several potential remedies are on the table. In addition to the possible breakup of Google, other measures being discussed include requiring Google to share more data with competitors, imposing interoperability requirements on its products, and preventing the company from using its dominance in search to unfairly advantage its AI offerings. One less severe remedy could involve mandating Google to divest or license its data to rival search engines, such as Microsoft’s Bing or DuckDuckGo. This would address one of the key findings in Judge Mehta’s ruling: that Google’s contracts ensure it collects far more user data than its competitors, which in turn allows it to refine its search algorithms and maintain its dominance. Another option could involve requiring Google ( NASDAQ:GOOG ) to stop forcing websites to allow their content to be used for AI products in order to appear in search results. This would prevent Google from leveraging its search monopoly to dominate the AI market, ensuring that competitors have a fair chance to develop their own AI technologies. The Justice Department is also considering banning exclusive contracts that stifle competition. For example, Google’s agreements with device manufacturers, which require the pre-installation of its apps, could be prohibited, allowing consumers more choice in the search engines and browsers they use. The Road Ahead: Implications for Google and the Tech Industry The outcome of the upcoming trial, set for September 4, will determine the specific penalties or remedies that Google ( NASDAQ:GOOG ) will face. If the Justice Department decides to pursue a breakup, it will need approval from Judge Mehta, who would then direct Google to comply. This process could take years to fully unfold, but the implications for Google—and the tech industry as a whole—could be profound. For Google ( NASDAQ:GOOG ), a breakup would mean a dramatic shift in its business model. Divesting Android and Chrome would not only reduce its control over key aspects of the digital ecosystem but could also lead to a loss of synergy between its products, potentially weakening its competitive position. However, it could also create new opportunities for innovation and competition, as other companies step in to fill the void left by Google’s dominance. For the tech industry, the case could set a significant precedent, influencing how digital markets are regulated in the future. If successful, the Justice Department’s actions could pave the way for more aggressive antitrust enforcement against other tech giants, such as Amazon, Apple, and Facebook, which have also faced scrutiny over their business practices. The case also raises broader questions about the role of government in regulating technology companies. As digital markets continue to evolve, the balance between fostering innovation and ensuring competition will be a key challenge for regulators. The outcome of the Google case could provide a roadmap for how to navigate this complex landscape, ensuring that the benefits of technology are widely shared while preventing any one company from gaining too much power. Technical Outlook Currently, as of the time of writing, Google's stock ( NASDAQ:GOOG ) is down 1.91% in premarket trading on Wednesday. The Relative Strength Index (RSI) is at 39.87, indicating that the stock is quite oversold. This is not good news for Google, especially considering that the company is facing challenging times. However, there is a glimmer of hope as the stock is trading above the 200-day Moving Average. Conclusion: A Pivotal Moment for Big Tech The Justice Department’s potential breakup of Google represents a watershed moment in the ongoing effort to regulate Big Tech. As the case progresses, it will be closely watched by industry leaders, regulators, and investors, as it could reshape the future of the technology sector. For Google, the stakes could not be higher. The company’s dominance in search, advertising, and AI has made it one of the most powerful corporations in the world, but it is now facing the possibility of being dismantled by the very government that once championed its success. Regardless of the outcome, the case will have lasting implications for the tech industry, as it could set a new standard for antitrust enforcement in the digital age. As the Justice Department weighs its options, the future of Google—and the broader tech landscape—hangs in the balance.Longby DEXWireNews7
Alphabet Inc (GOOGL) Shares Under PressureAlphabet Inc (GOOGL) Shares Under Pressure On 24th July, we noted in our analysis of the Alphabet Inc (GOOGL) price chart: → The share price had fallen despite the report's results surpassing analysts' expectations; → The upward momentum in the price chart was losing strength. Since that publication, the Alphabet Inc (GOOGL) share price has dropped by 5%. While the sharp decline in stock markets on 5th August significantly impacted it, it's worth noting that since the previous Monday, the share price has been recovering more poorly than the index. Bearish sentiment is being driven by: → A delay in showcasing the capabilities of the Gemini AI assistant at the “Made by Google” event; → Speculation about a potential breakup of Google under US antitrust laws. According to Benzinga, the US Department of Justice (DOJ) is considering this possibility. Technical analysis of the Alphabet Inc (GOOGL) stock chart shows that: → The price has dropped below the blue ascending channel; → The price has broken below the $164 level, which had acted as support since the gap formation in late April. This week, it is showing signs of resistance; → Price action in early August has formed the contours of an expanding fan pattern (shown in red). If bulls manage to break through the $164 level, they may encounter resistance from the next fan line (shown as a dashed line). Meanwhile, 37 Wall Street analysts surveyed by TipRanks have positive forecasts: → 30 analysts recommend buying Alphabet Inc (GOOGL) shares, with none recommending a sell; → The price target for Alphabet Inc (GOOGL) is $204.74 over the next 12 months (+24.72% from yesterday’s close). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen116
GOOGLI bailed out too soon when it started going down! Is it a missed buy opportunity? It has already started bouncing and slowly recovering from the recent dip. Not a recemmondation.by tradologist103
GOOGLE SHORT TIMING? reached important resistance level? we could see that it is rebounding from an overall downtrend market. And it's closed to the resistance area of previous lows, which shares the same level with the downtrend line, double confirmed the importance of this resistance area. So if it be rejected by this area, and start to showing sell signals like bearish engulfing pattern etc, the price may continue to drop. Shortby xugina78221