googleafter completing wave 1. We see that Google is in a corrective phase. We expect Google to move to the sell box between 168 and 178 dollars, a good zone for me to then take partial profit. After that I expect Google to initiate a final wave down to the green box.
Pure speculation I see an interesting zone forming between 127 and 137 dollars, where we can buy for the long term. As that takes shape of our corrective wave (ABC, red lines) we can be more precise. The formation of a double correction (WY) is also never excluded.
4GOOG trade ideas
Coffee Is Brewing!!!I don't know folks... again, I ain't nothing but a tier below an amateur beginning options player. There is a lot of learning still to do but I'm ready to be transparent with my thoughts and what I see a bit more often. So here with go with a previous fan favorite of Coffee Is Brewing!
Coffee Is Brewing Idea #2
NASDAQ:GOOGL has earnings coming up 10/22 and has had a little bit of price action these past few weeks with a niiiiiiiiiiice Pogo Stick bounce this past Friday and closed above the previous week... all which are bullish signals, to me! Again, from my perspective I've seen Bullish action for the past few weeks. As evidenced by my NASDAQ:GOOGL 165C options exp 10/18 that I picked up at about 1.65 that ran up just shy of 6.00 and the NASDAQ:GOOGL 170C options exp 10/18, that I'm still holding. That's enough about what I had and have in play... let's talk about what I see. That right there folks looks like a cup and handle, which ultimately gets a Coffee Is Brewing tag! The bonus green drawn lines I added, some might consider a Bull Flag is starting to be established. I see another couple weeks of good runs with this AMEX:SPY small fry playa that's part of The Mag 7!
I don't know about what y'all see but if you see something else, please drop a comment. If you like what you see, give ya boy a BOOST, a Follow, or a comment. I appreciate y'all for taking the time to look and we'll talk soon.
Alphabet (GOOGL): Gap Fill and the Future of Wave (2)We remain convinced that Alphabet is currently in Wave (2) after the well-defined end of Wave (1) at $197. Following that, we saw a sharp and fast sell-off, which looks more like a Wave A rather than the full Wave (2). This is further supported by the fact that the sell-off respected the 38.2% Fibonacci retracement level perfectly, a typical level for Wave A.
We still have an open gap above, and we believe this should get filled, especially considering the nature of Wave A. We're expecting Wave B to reach between the 61.8% and 78.6% Fibonacci retracement levels. Right between these two levels lies the gap, making it highly likely that this gap will get filled before we continue the downtrend.
Looking further ahead, if you're asking where we would consider buying shares, there are two potential opportunities. The first is around the 50% Fibonacci retracement level and the Point of Control (POC), and the second is lower in what we call the "Great Buy" zone, between $116 and $100. While this might seem like a significant drop, we saw a similar decline in 2022, so nothing is off the table.
We'll keep monitoring this closely for you.
GOOGL may be ready to rally with the other Magnificent 7.NASDAQ:GOOGL has not performed as well as other Magnificent 7 names, which are currently trading much higher than their August 5th lows. If NASDAQ:QQQ continues to build above its daily 50 SMA, and other technology names in this space continue to move higher, GOOGL may start to move higher as well. GOOGL has held demand at the retest of the previous all-time high and may break out of a falling wedge on the weekly chart.
Alphabet (GOOG) - Wyckoff Reaccumulation BreakdownIn this idea, I’m analyzing a potential reaccumulation pattern on Alphabet (GOOG) using Wyckoff phases and the behavior of vector candles and volume. Price action, vector candles and volume give us clues about market participants' behavior at each phase.
Let’s break down the phases:
Preliminary Support (PS) occurs after an upward incline, showing the first signs of buyers stepping in to stabilize the price. Volume slightly increases, and bullish vector candles appear, signaling the beginning of accumulation.
Buying Climax (BCLMX) is the temporary high where buying pressure peaks. Volume spikes as large traders sell to retail buyers, and we see both bullish and bearish vector candles, indicating a tug-of-war.
Automatic Rally (AR) follows the BCLMX, marking the lower boundary of the trading range. Volume decreases as sellers lose strength, and bearish vector candles appear with less conviction.
Sign of Strength (SOS) is the breakout above the AR, confirming the dominance of buyers. Volume increases significantly, and large bullish vector candles signal strong demand.
Secondary Test (ST) is a pullback that retests support, with volume dropping off. Small, weak vector candles confirm the absence of aggressive selling, showing that buyers are still in control.
Spring is a shakeout that dips below support to trap sellers before reversing. Volume remains low, and any bearish vector candles lack follow-through, confirming it as a fake-out.
Test confirms the Spring with a low-volume retest of support. The lack of activity and small candles indicate the market is ready to resume its upward move.
Key Things to Look for in Reaccumulation:
-Declining sell volume on down moves, indicating weakening supply and a lack of aggressive sellers.
-Bullish vector candles with increasing volume during up moves, confirming demand and strength.
-Low-volume pullbacks (ST, Spring, and Test) with narrow candles, showing that sellers are being absorbed and buyers are in control.
-High-volume breakouts (like SOS) with wide bullish vector candles, signaling the potential for the markup phase.
-Sell volume spikes at resistance with no follow-through, indicating failed attempts to push the price lower, often followed by bullish moves and stronger uptrends.
GOOGL – Key Trading Points: SMA 150, Stop Loss, and Buy Opportun
This chart for Alphabet Inc. (GOOGL) displays key levels and indicators, including the 150-day Simple Moving Average (SMA), along with stop-loss checks and start-follow signals. Recent stop-loss alerts are triggered near the price of 160.8, with a buy option recommended at 164.88. The 150 SMA is currently at 163.25, signaling a potential price zone for trend following. Keep an eye on these levels to manage risk and identify possible entry points in line with the highlighted signals.
Google - Looking For Sell Triggers Around 171This video provides an overview of the things that I am watching for Google right now.
-We need to monitor the quarterly, monthly & weekly divergences that are currently setup, but not yet confirmed. These are not actionable right now, but they definitely need our attention. If confirmed, they imply some very significant moves in this market.
-We can see that the Monthly is still bullish, and we had a monthly MAC entry confirm on the Daily on September 13th. This trade still has not hit its targets, with the first being 169.69 (what a great number). The second target being 180. I would not be surprised to see Google trade up to 169.69 sometime soon.
-The Weekly chart is confirmed bearish for the MAC strategy. What this means is that any rallies into the weekly MAC high are opportunities to sell on the H6 chart. I'll be looking for sell triggers if price trades into the 171 level (Weekly MAC high).
-Threw in some cycles, for fun.
Have a great week.
$META $TSLA $PLTR $GOOGL $RCL - option watchlistOPTIONS WATCHLIST 9/22/24
NASDAQ:META - Stock is breaking out as expected after $545 level broke. Looking for more upside as long as $560 holds for a move towards $575 and $600. Stock is strong on indicator level
NASDAQ:TSLA - Stock still holding below trendline resistance and has a gap to fill to $246.18. Calls above $240 for a move towards gap fill and top of trendline. Puts if fails to hold $235. Stock is still strong on indicator level.
NYSE:PLTR - Stock seeing decent call flow coming in. Stock is in steady uptrend with that big volume candle on friday. Next resistance at $40. Looking for calls above $37.35.
NASDAQ:GOOGL - Stock breaking out of trend channel and has a small gap to fill to the upside from $168.60 to $170. Looking for calls as long as the stock holds $163.50. Stock is strong on indicator level.
NYSE:RCL - stock is breaking another all time highs on friday. Company recently Commenced Private Offering Of SEED_TVCODER77_ETHBTCDATA:1B Of Senior Unsecured Notes Due 2031. Calls above $175 for price target of $180 an $185
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price!
If you're in for the long term with Google:
This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy.
My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price.
Now, let's move on to the technical analysis of Google:
Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area.
In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend.
Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase.
Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168.
Let’s see what Google has in store for us this week...
Thank you very much for supporting my analysis!
GOOG - 1W - Start of Bullish MomentumAlthough Alphabet (GOOG) has underperformed the S&P 500 this year, momentum may be shifting.
The stock recently broke out from a substantial rounding bottom and has now formed a falling wedge near its 50-week EMA support.
Additionally, it has bounced precisely off support around the $150 level. With hidden bullish divergence emerging, the technical indicators suggest that a move higher could be imminent.
Seasonality and Earnings in 30 Days or Less.Depending on earnings being rescheduled or changed from its estimated date. The movement from July 1st till earnings in late July should be watched closely.
My three scenario's are the following I drew but in my opinion we need to see a healthy draw down to my zone in pink for a rally. Worst case scenario is a blow off top this summer, if you want a long term bull run, its time for big cap tech to chill out for a little lol.
Weekly Chart Analysis of Google - 22/09/2024Google gives a strong bullish signal on the weekly chart. I believe the pullback in the uptrend has ended, and prices will continue to skyrocket.
We are seeing a strong area of confluence. Prices have touched the Fibonacci 0.618 golden ratio, which aligns with the 50 EMA and SMA. Additionally, there is a strong demand level and the bullish momentum is confirmed by a candle close. This is an excellent time to ride the wave.
GOOGLE looking strong ! we identified a important area. Google needs to break the bearish sequence channel.
We have discovered several inflection points that create a very important zone, which is fully respected. When the price falls into this zone, it simply bounces because historically, these inflection points (green circles) have shown a liquidity and trend action.
If you can see on the 3rd circle, there is a high-volume candle that, upon rejecting the downtrend, creates a zone that could become a support zone if the price were to fall, and that’s exactly what happened in our 4th circle.
GOOGL is undoubtedly showing a lot of strength; however, this coming week, Google needs to show the same strength it has demonstrated over the last two days. In other words, we need enough volume for the price to break the sequential channel and see Google back above 168 or more.
We will see how it goes this week.
Thank you for supporting my analysis.
Best regards.
GOOG Stock: Bullish Momentum Building### GOOG Stock: Bullish Momentum Building
📈 **Alphabet Inc. (GOOG) - Continuing the Upward Trend**
Since early November 2022, GOOG has been on a solid upward trajectory, establishing a bullish channel that suggests further potential for growth.
🔍 **Key Observations:**
1. **RSI Channel Formation:** The Relative Strength Index (RSI) is currently at 44.79, indicating that there is still room for upward movement within the bullish channel without entering overbought territory.
2. **MACD Indicator:** The MACD shows signs of a potential reversal, which could indicate a shift in momentum. Traders should watch for confirmation of this change, which may signal a strengthening bullish trend.
3. **Moving Averages:** GOOG is on the verge of breaking a significant technical level above the 200-period Moving Average. A successful breakout could allow the stock to target the 20-period and 50-period Moving Averages, which could act as additional support levels in the near term.
4. **ADX Indicator:** The Average Directional Index (ADX) is currently at 37.53, indicating a strong trend and momentum. This level suggests that the bullish trend has the potential to continue, providing a favourable environment for upward price movement.
💡 **Conclusion:**
With the RSI indicating the potential for further gains, the MACD showing signs of reversal, and the ADX confirming strong momentum, GOOG appears well-positioned for continued upward movement. Traders should monitor the price action closely, especially around the key moving averages, to make informed trading decisions.