GOOG trade ideas
GOOGL's Momentum Breakout: Scalp & Swing Playbook Nov. 20GOOGL has rebounded strongly from its recent lows and is approaching key resistance levels with sustained bullish momentum. With a clear trendline structure and improving technical indicators, GOOGL offers actionable setups for scalpers and swing traders alike. Here’s a step-by-step plan to navigate the stock’s next move.
Market Structure Overview
* Reversal in Progress: GOOGL is recovering after a sharp sell-off, forming higher lows and climbing above critical EMAs.
* Price Action Insight: Trading near $178.30, the stock is consolidating after a breakout, signaling potential for further upside or a retest of support.
* Volume Trends: Increasing volume during the uptrend indicates growing buyer participation, strengthening the bullish case.
Liquidity Zones
* Demand Zone (Support): $172.00 - $174.00. This zone has held firm during the previous pullbacks and could act as a solid base.
* Supply Zone (Resistance): $182.00 - $184.00. Sellers are likely to emerge near this level, as it aligns with the last rejection.
Order Blocks
* Bullish Order Block: $172.00 - $173.50. Watch for buying interest if GOOGL retraces to this zone.
* Bearish Order Block: $182.00 - $183.50. This area represents the next key hurdle for bulls.
Key Levels
* Support Levels: $171.00, $172.00, $174.00.
* Resistance Levels: $178.50, $182.50, $184.00.
Technical Indicators
* 9 EMA & 21 EMA (Hourly): GOOGL is trending above these indicators, confirming short-term bullish sentiment.
* MACD (Hourly): Bullish crossover with a widening histogram, suggesting continued momentum.
* RSI (Hourly): Approaching overbought levels, so a pullback or consolidation is possible.
Scalping Plan
* Entry: Look for entries near $177.50 - $178.00 on a retest of minor support.
* Exit: First target at $179.50, with an extended target at $181.00.
* Stop-Loss: Place a tight stop at $176.50 to limit risk.
* Game Plan: Focus on momentum-based plays near breakout levels. Confirm volume and candle structure before entering.
Swing Trading Plan
* Entry: Accumulate near $172.50 - $174.00 for a higher-probability setup.
* Exit: First target at $182.00, with the potential for $184.00 on sustained momentum.
* Stop-Loss: Place below $171.00 to protect against downside risks.
* Game Plan: Watch for confirmation of the trendline support and higher lows to validate a swing trade setup.
Projection
GOOGL is positioned for a test of $182.00 and potentially $184.00 if the bullish momentum continues. However, a failure to hold $177.00 may lead to a retest of $172.00, which could provide another buying opportunity.
My Thoughts
GOOGL’s recovery suggests strong potential for both quick scalps and longer swing trades. Scalpers should capitalize on short bursts of momentum near $178.00, while swing traders can leverage pullbacks to $172.00 for a longer-term play. As always, manage your risk and adhere to your plan.
Disclaimer
This analysis is for educational purposes only and should not be construed as financial advice. Always do your own research and consult a financial advisor before making trading decisions.
Google I Potential positive growth in the ascending channel Welcome back! Let me know your thoughts in the comments!
** Google Analysis - Listen to video!
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End of Google? Legal Battle against its DismantlingIn October 2024, the U.S. Department of Justice (DOJ) stepped up its approach against Google, signaling that it is considering a possible breakup of the tech giant as part of antitrust action. The case is the latest chapter in a long series of lawsuits against tech giants focused on competition in the search and digital ad markets.
1. Possible Antitrust Actions
The DOJ has stated that it is considering both structural and behavioral remedies to curb Google's monopolistic practices. According to the department, measures that could be taken include:
• Contractual requirements and prohibitions: To prevent Google from continuing to use its products, such as Chrome, Play and Android, to favor its search engine over other competitors.
• Product non-discrimination requirements: Google could be forced to allow competitors to have access to the same opportunities on its platforms, such as access to emerging search and artificial intelligence (AI) features.
• Search distribution agreements: Limit or prohibit exclusive agreements, such as those Google has with Apple and Samsung, that guarantee it to be the default search engine on devices such as the iPhone and other smartphones.
These recommendations come after the ruling in August 2024, where a judge concluded that Google has a monopoly in the search market, violating Section 2 of the Sherman Act, which prohibits monopolies.
2. Potential Effects on Google's Distribution
One of the DOJ's primary concerns is Google's ability to control the distribution of its products and, thus, its dominance in the marketplace. Suggested remedies seek to dismantle the current distribution structure that Google has established, which would include the creation of a “screen of choice” that would allow users to choose alternative search engines without being bound by default agreements with giants such as Apple.
In addition, it raises the need to open up the data within Google's search index, including its AI models, to competitors. This could generate greater equality of access and improve competition in digital advertising.
3. The Impact of the Case and the Possibilities of Dismemberment
Although some legal experts believe that Google will most likely have to eliminate certain exclusive agreements, such as those with Apple to be the default search engine on iPhones, the dismantling of Google seems less likely. This is due to legal complexities and the sheer size of the company, which generates millions in revenue through its search engine and digital advertising. In Q2 2024, Google Search & Other accounted for 57% of Alphabet's revenue at $48.5 billion, underscoring the company's economic power.
Despite the magnitude of the potential penalties, Google has already announced its intention to appeal the ruling, which could prolong the process for several more years. In fact, Judge Amit Mehta indicated that he plans to issue a decision on remedies by August 2025, giving Google time to continue its legal efforts.
4. Global Repercussions and the Impact on Competition
This case has implications beyond the United States. If the DOJ succeeds in imposing significant restrictions on Google, other regulatory authorities worldwide could follow suit. The European Union, which has already fined Google for similar practices in the past, could take additional action.
The case also highlights growing global concerns about the power of large technology platforms and their ability to monopolize key sectors of the digital marketplace. From data management to control of ad platforms, Google remains a dominant player, sparking debate about the need for tighter regulation to ensure fair competition.
Technical Aspect
Google has faced a considerable increase in its results and this growth has caused the stock to recover its price since the end of September. If we look at the appearance of the candlesticks, an inverted shoulder-head-shoulder is forming, this would indicate that the recovery of the stock to its current highs at $193.31 is quite feasible. The current checkpoint is located at 165.47, so we must not lose sight of this possible decision of the regulator that tries to dismember one of the Magnificent 7. If the firm successfully reaches certain agreements and ensures its permanence without dismemberment, probably its next destination will be around $220-$240.
Conclusion: A Future for Google in a Competitive Market?
The case against Google highlights the conflict between business growth and the need to ensure fair and open markets. While a complete takedown seems unlikely, the DOJ's proposed actions could alter the way Google operates, allowing for greater competition in sectors where it has held dominance for more than a decade. With appeals and protracted legal processes, the final impact of these decisions could take years to materialize, but what is clear is that the path to regulation of the tech giants is closer than it has ever been.
In short, this trial not only marks an important chapter in the regulation of Google, but also in the regulation of the entire technology industry, the repercussions of which will be felt for many years to come in the dynamics of global digital competition.
Ion Jauregui - ActivTrades Analyst
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A Great Buying Opportunity? Analyze GOOGLE's Potential for Next Recent Performance: GOOGLE has recently experienced volatility amidst a
bearish market sentiment. The stock completed a bearish pattern with
expectations of a pullback to around $125, contributing to concerns over its
future performance after it was noted as declining over 4% in recent
sessions. Despite this bearish trend, its robust valuation and diverse
business model have led analysts to highlight it as a potential buy
opportunity.
- Key Insights: Investors should consider GOOGLE as a strategic investment due
to its strong presence in the autonomous driving sector and overall market
diversification. While recent trends suggest a possible further decline,
analysts' confidence in its long-term growth potential warrants a closer
look. With current pricing indicating attractive valuations compared to
historical averages, this could be a favorable entry point for long-term
investors.
- Expert Analysis: Expert opinions indicate a cautious but optimistic outlook
for GOOGLE. Despite its recent underperformance among technology peers,
analysts remain bullish on its strategic initiatives, particularly
surrounding the robotaxi market. The sentiment around GOOGLE has shifted
from previous positivity, with current sentiment reflecting a significant
drop. As of now, expert sentiment is notably negative but may rebound as
structural strengths are recognized.
- Price Targets: Based on the wisdom of all professional traders, here are the
suggested price levels for next week:
- Next week targets: Target 1: 175, Target 2: 180
- Stop levels: Stop 1: 172, Stop 2: 169
- Longer-term targets: Looking at a timeframe of 6-12 months, analysts suggest
aiming for the $200 mark as the company capitalizes on its market position and
new technological advancements.
- News Impact: Notable news affecting GOOGLE includes ongoing discussions around
its stability amidst mixed performance in the tech sector. It is being
watched closely along with major players like Apple and Microsoft, which
recently saw declines. Furthermore, the positive outlook surrounding the
robotaxi market suggests that long-term prospects for GOOGLE remain strong,
despite current bearish trends.
GOOGLE Enormous upside confirmed by a 1W Bullish Cross eyes $235Alphabet Inc. (GOOG) has been trading within a 2-year Channel Up since the October 31 2022 bottom of the Inflation Crisis Bear Cycle. Having already started the new Bullish Leg of the pattern following the rebound on the 1W MA50 (blue trend-line), the price completed last week a MACD Bullish Cross on the 1W time-frame, the first since March 25 2024. That was halfway through the previous Bullish Leg.
The 2-year Channel Up has only given us another 3 such MACD Bullish Crosses, so this is in fact a strong and rare bullish signal. As you can see, so far we've had two major Bullish Legs within the Channel Up, both topped after roughly +60% price increases and both reached at least the 2.382 Fibonacci extension measured from their respective corrections.
Since the 2.382 Fib extension is this time considerably above the Channel Up, it is only natural to assume that yet again the Bullish Leg may complete a +60% rise from the September 09 bottom.
As a result, our Target towards the end of Q1 2025 is $235.00.
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What is a BULL Flag Charting Pattern and How to draw it? 1/8This is video 1/8 of this series of BULLISH Chart Patterns.
A bull flag is a continuation pattern that appears in a strong uptrend, signaling that the prevailing upward trend may continue. Here's how it looks:
Flag Pole: A sharp, steep rise in price forms the flag pole.
Flag: A period of consolidation with lower highs and lower lows, forming a flag that slopes against the prevailing uptrend.
Breakout: A strong move upwards out of the flag, confirming the continuation of the uptrend.
The bull flag pattern is popular among traders because it provides clear entry and exit points and is relatively easy to identify. It's a great indicator for momentum traders looking to capitalize on the continuation of a bullish trend.
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Stay tuned for the other 7 BULLISH CHARTING PATTERNS
GOOGLE: Where are they going after earnings? Let's talk about itWHERE WILL GOOGLE GO AFTER THEY REPORT EARNINGS ON TUESDAY?!
NASDAQ:GOOG NASDAQ:GOOGL
In this video, we will review 3 key items that give us the best probability of predicting where they will go.
1⃣ See if it meets my "High Five Setup" trade strategy
2⃣ Why it's BUY according to my Valuation Metric Tool (6/6 score) I WANT A DIP!
3⃣ Look aHEAD to find out 👇
Video analysis 4/5. Stay tuned!🔔
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Is this MAG7 name finally going to play catchup to its siblings? Drop a comment below.
Not financial advice.
Google: At the Resistance!Driven by bullish momentum in the tech sector, Google’s stock has recently gained as expected. The resistance at $181.61 has presented a key hurdle in recent weeks. However, our primary wave count indicates that this level will be surpassed next during the ongoing magenta wave . This bullish impulse should conclude significantly higher in the chart, thereby setting a new all-time high. Conversely, there’s a 38% chance for our alternative scenario, which suggests an extended wave alt. correction.
Google is Taking a Break and accumulating for the 2nd run !Google returns to the inflection zone we had previously studied. This is good news because, after pulling back, we got a bounce in the same inflection zone.
What does this mean?
It means that the price is more than ready to continue its upward trend; however, it is just forming an accumulation pattern, where it could resume its upward movement at any moment.
Key points to follow:
Markets, in general, are bullish, and we are in a week of high market euphoria, which could support the price to continue rising.
Google continues to report positive news within the company.
Google’s prices have increased, indicating that higher figures may be reported in their next earnings report.
In my opinion, Google will remain in an accumulation range this week—it's a pattern where the price will hold steady this week before its next bullish run.
Thank you for supporting my analysis. TRADE SAFE! Best regards."
THE STOCK GAUNTLET HAS BEGUN! GOOGLE 1/17⚔️🛡️ THE STOCK GAUNTLET HAS BEGUN! ⚔️🛡️
STOCK/TRADE UPDATE: 1/17
1⃣ NASDAQ:GOOG NASDAQ:GOOGL
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NFA #tradingstrategy #HIGHFIVESETUP
NASDAQ:GOOG NASDAQ:GOOGL
Googling Gains: Long Trade Insights for AlphabetNASDAQ:GOOGL is a MUST HOLD for future gains.
Following up on last week's call, price did hit our ideal entry point and we are now long and strong. Stop loss has been re-adjusted at break even. Any bystanders, below is the ideal entry STRATEGY
Bullish time at mode trend has just been confirmed.
* Expiry is set for the end of November
* Targets of $189 and $201's at first.
* Ideal entry DCA low $170’s
* Stop at $169
Google along with AI companies preparing for major rally to $216Cup and Handle is clearly forming on Google.
The AI companies are looking super bullish in the medium term and looks great for investing in.
Either there is going to be a HUGE breakthrough with AI soon or there are going to be favourable legislations and regs to change with Trump being President.
ALl in all technically, we are seeing up signs including:
Price> 20 and 200MA
Broken downtrend
Now we just need a breakout to the upside with the Cup and Handle.
Target $216.10
Gold: Will the Falling Wedge Breakout Ignite a +16% Rally?Hey Realistic Traders, let’s dive into the analysis of NASDAQ:GOOGL
In the daily timeframe, Google has broken above the upper trendline of the falling wedge pattern. The price has consistently remained above this trendline for the past three trading days, with rising price movement accompanied by bullish divergence.
Bullish divergence on the MACD indicates that while the price makes lower lows, the MACD line forms higher lows. This divergence suggests a weakening of bearish momentum and the potential for a price reversal to the upside.
Given these technical factors, we forecast a potential upside movement toward the designated target of 181.36 . After reaching this level, a pullback to the green zone around $160 may occur before the price advances to the second target at 191.52.
This technical outlook remains valid as long as the price stays above the support area at 148.77.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Google.
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$GOOGL - $ 181 level breakout for upside.GOOGL - Stock holding near $181 level and consolidating near it. Stock making higher lows with every candle. looking for breakout on this one above $181 for a move towards $185 and $200. Stock is strong on indicators. Stock also had recent triangle breakout.
Google: Buying TimeGoogle is positioned for sustained growth, making it an attractive investment opportunity in the coming months. With the 2024 Q3 earnings approaching and timely announcements expected, their data strategies and strong global presence provides a promising outcome.
- Q3 2024 Earnings - October 21, 2024
- Q4 2024 Earnings - February 3, 2025
As a testament to it's nature, even in daily routines, I still find myself watching YouTube during meals. Goodluck.
$167.00 NASDAQ:GOOGL
Ceiling Google is reaching a key resistance level. SRSI and RSI levels are reaching overbought levels
**Ticker:** goog **Trade Type:** long **Entry Price:** 178.71 *
**Ticker:** goog
**Trade Type:** long
**Entry Price:** 178.71
**Stop Loss:** 178.34
**Take Profit 1:** 181.77
**Take Profit 2:** 183.76
**Risk/Reward Ratio:** 8.3
**Timeframe:** 1h
**Monthly Status:** green inside bar
**Weekly Status:** green inside bar
**Daily Status:** green
**Hourly Status:** green NASDAQ:GOOG
Google - It Is Bullish Either Way!Google ( NASDAQ:GOOGL ) will follow one of two scenarios:
Click chart above to see the detailed analysis👆🏻
Google just perfectly followed the anticipated bullish break above the previous all time high, the retest and the bullish continuation towards the upside. Even if we see another retest of the breakout level, Google remains in an overall uptrend and the path of least resistance is higher.
Levels to watch: $200, $150
Keep your long term vision,
Philip (BasicTrading)
$GOOG $GOOGL IS A GIFT RIGHT NOW. YOU WILL SEE! NASDAQ:GOOG NASDAQ:GOOGL
IS A GIFT. YOU WILL SEE!👀
1.) High Five Setup
2.) Inverse H&S Breakout/will retest and fill earnings GAP then head to the Measure Move (MM) of $193.
3.) They just demolished earnings and everyone was bullish until the market decided to pull back. Everyone just forgot about the ones who reported first out the MAG7.
What do you think? Is this the easiest trade you've ever seen? IMO it's definitely one of them haha
"BE GREEDY WHEN OTHERS ARE FEARFUL"-WB
NFA
GOOGL Intraday Trading – Key Levels for November 6, 20241. Price Action and Trend Overview
GOOGL has been consolidating around the $170 level after a recent decline from the high around $182.
Price action is exhibiting a period of low volatility, hovering near the trendline support, which may act as a springboard if demand increases.
The EMA lines are relatively flat, indicating indecision in the current price range, but a breakout above or below the consolidation could signal the next directional move.
2. Support and Resistance Levels
Immediate Support: $168, a level where price has been stabilizing recently.
Primary Resistance: $175, aligning with prior highs and a minor supply zone. Breaching this level may lead to further gains.
Upper Resistance: Around $182. This is a more significant resistance level where GOOGL recently topped out before the pullback.
3. MACD and Volume Analysis
The MACD on the 1-hour chart is starting to show a bullish crossover, hinting at potential upward momentum if confirmed by price action.
Volume has been relatively low, reflecting the consolidation phase. Watch for an increase in volume as an early sign of potential breakout strength in either direction.
4. Entry and Exit Points for Scalping/Intraday
Bullish Entry: Consider a long position if GOOGL breaks above $175 with strong volume, aiming for a move toward $178-$182.
Bearish Entry: If GOOGL fails to break $175 and shows rejection at that level, a short position with a target toward $168 support could be considered.
Stop Loss: For long positions, place a stop below $168. For short positions, consider a stop above $175.
5. Suggested Directional Bias
Neutral to Bullish Bias: Given the current consolidation near support, there may be potential for an upward breakout if $175 resistance is cleared. However, a failure to break $175 could maintain the consolidation or lead to a bearish move back to $168.
Bearish Scenario: If $168 fails as support, GOOGL may slide further towards $161, which is the recent low and could act as a secondary support.
Summary
GOOGL is in a consolidation phase near the $170 level, with a potential for upward movement if resistance at $175 is broken. Volume and MACD movements will be critical in confirming any directional move, and key levels should guide entries and exits for scalping and intraday strategies.
Disclaimer: This analysis is for informational purposes only and not financial advice. Please conduct your own due diligence and consider consulting a financial advisor before trading.
GOOGL eyes on $170: Key Resistance going into Earnings reportGoogle earnings report due today after close.
Currently testing a key Resistance zone here.
Earnings will say if this level is top or support.
$ 168.17 - 170.00 is the key zone of interest.
$ 177.72 - 179.46 is the next Resistance above.
$ 159.41 - 159.99 is the first good support below.
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GOOGL: Intraday Scalping and Price Action Analysis for Nov. 61. Current Price Action
GOOGL is trading around $169, showing consolidation after a significant sell-off from recent highs around $182.
The price has broken below key EMAs (Exponential Moving Averages), suggesting bearish sentiment.
Volume patterns show spikes during sell-offs, indicating selling pressure, though recent volume has decreased, suggesting a potential pause or reversal zone.
2. Support and Resistance Levels
Support: Major support is around $161, as shown in the chart. A breakdown below this could lead to further declines.
Resistance: Immediate resistance lies near $171, aligned with the EMA on the 1-hour chart. Stronger resistance appears around $175 if a recovery is seen.
3. MACD Analysis
MACD lines are hovering near the signal line but have shown some convergence, which may indicate weakening bearish momentum. However, it is still in bearish territory.
A crossover on the 1-hour chart could signal a potential bullish reversal, but this would need confirmation with price action and volume.
4. Entry and Exit Points for Scalping and Intraday Trading
Long Entry: Consider a scalp entry above $171 if the price breaks and sustains above the EMA, with a target of $175. This aligns with a potential short-term reversal and may attract buyers.
Short Entry: If the price rejects $171 or breaks below $169 with increased volume, a short entry with a target of $165 or lower could be attractive.
Stop Loss: Place stops tightly above recent highs in either direction to manage risk effectively, considering the current consolidation pattern.
5. Trade Direction and Outlook
Bearish Bias: With the price below the EMA and the broader trend down, the bias remains bearish. Watch for any breakdown of $169 to confirm further downside.
Reversal Potential: A break and hold above $171 could indicate a short-term bullish reversal, potentially targeting $175 in the short term.
Summary
GOOGL shows bearish momentum but with signs of potential reversal. For scalping, look for breaks of key levels and confirm entries with volume and momentum indicators.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a professional before making any trading decisions.
