GOOG trade ideas
Google Long TermOn the Chart, my primary count shows that Google is not quite done with SC Wave 1. However, labeled in turquois, is my ALT count which suggest we finished SC (I) and have started to head down for SC (II). Either way, rather my black prevails, or my turquois count is correct, we're headed lower. Turquois suggests we're headed as low as HKEX:20 , whereas black suggests a target of HKEX:30 - HKEX:70 with HKEX:40 - HKEX:50 most likely.
I understand that is a large target box, but until we get more solid information, I cannot give more detailed boxes on the long-term outlook. However, this wave IV should end somewhere around the previous wave 4 of a lesser degree, between the 0.786 -1.0fib lines, & the 0.382 retracement fib. All of this points to the HKEX:40 dollar level...thats a 50%+ decline!!
Bonam Fortunam,
--Tyler
Neutral GOOG | Earnings week ahead. Potential Bear Flag at playAlphabet, Inc. engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
It operates under the Google Services and Google Cloud segments.
The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
The Google Cloud segment offers Google Cloud Platform and Google Workspace.
Earnings week continues for Big tech. NFLX & TSLA dropped on earnings update, will the AI kings lead the market lower this week if they miss and don't mention AI?
Technically,the daily continues on a distribution, a break below HKEX:104 , favors a short towards HKEX:95 ;
Disclaimer: No position open. Not financial advise nor recommendation.
ALPHABET-GOOGLEThe price has already broken out from the trend line where 30ma and 50ma is about to cross over 200ma (Golden cross). Moving averages are all positive and shifting upwards showing bullish momentum. The price has contained inside the channel pattern which breaks out tends to wave c or wave 3.
Next target to $41.09 for Alphabet ?Here is my point of view about Google.
Based on my Elliott Wave, the bear trend could come back the next week (April,17) after the optimistic Bull run from March,13.
We reach the the Fibonacci Ret 0.382% and the ii circle degree seems to be done after a complex correction in ABCDE.
And about the Time the Ret and Projection both are pointing April, 6 and 10.
My concern now it's the indicator DT Oscillator who seem to be not ready for a reversal now.. so it's might be sideway to down the week of April,17 and wait 1 more week to be ready for a reversal during the week April,24.
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Kindly,
TradingX30
Y.F
GOOGL - CUP & HANDLE 4 LONG ?GOOGL - CUP & HANDLE 4 LONG ?
A popular stock + Cup & Handle pattern + Above the average line 150MA + CCI Upward trend + RSI Upward trend + Resistance line breakout + During the last month an upward trend.
Will the increase continue at least 10%?
Only an idea and not a recommendation for trading!